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21 January 2025 | 19 replies
I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.
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25 January 2025 | 24 replies
Probably good to have a flip as exit strategy in case banks don't come to the party.
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22 January 2025 | 1 reply
One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.
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26 January 2025 | 32 replies
I kept find info about it being a scam and another thing that throw me off is on one of their videos there was this guy that I seen before on another Real Estate commercial.
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12 January 2025 | 3 replies
I am looking to get my first quadplex through creative financing. Are there any tips you might have on sourcing great deals, deal structure, and how to know whether LTR, MTR, or STR is the best route to take? My ultim...
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3 February 2025 | 31 replies
So none of the parties, other than maybe the property manager, cares or is effected by your success.
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24 January 2025 | 9 replies
https://www.donotcall.gov/report.html I am getting so many text messages, both political parties as well as from people wanting to buy my home...
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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27 January 2025 | 48 replies
Would like to become more savvy in the multi units properties realm separate from some of my commercial properties tenants who have excelled in that type real estate.
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24 January 2025 | 36 replies
Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.