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3 March 2019 | 3 replies
I think if most flippers are honest (10-years later looking back), they'd prefer to still own those homes as cash-flow positive rentals.I don't remember where I heard it (so I'll attribute it to MLK or Abraham Lincoln, maybe Warren Buffet) - "You can get rich flipping houses, but you get wealthy keeping them as rentals".
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4 March 2019 | 8 replies
When you try to analyze RE like you would the stock market, you miss out on all that REI has to offer that makes it stand out from the stock market...and other investments.Third, Cash is more valuable than equity...by far.
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7 March 2019 | 18 replies
Hi Manu,With a six-unit property, and assuming the other attributes meet the constraints of the loan program, you may want to look into the Freddie Mac Small Balance Program ("Freddie SBL").
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6 September 2018 | 3 replies
., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).
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4 January 2019 | 25 replies
I have left that rent at $1,450 for all 8 years, which I directly attribute to the same tenants living there the entire time.
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2 January 2019 | 0 replies
I see everyone going after everything else I want to stand out & look into the process I found a property owned by the bank I think it could be a great fix & flip may need demolition What steps should I take gearing towards it Any help would be greatly appreciated.
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11 January 2019 | 27 replies
Are there any marketing tactics that stand out to you as being most effective ?
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9 January 2019 | 7 replies
Additionally you will have a recorded easement agreement that specifies rights to rebuild, upgrade, who pays the portion of the ad valorem taxes attributable to the billboard, etc.
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21 February 2019 | 13 replies
Make sure your descriptions stand out from other landlords.
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9 January 2019 | 50 replies
In fact, as I thought about my tenants who are "less than perfect" in my mind, I realized that the less than perfect attributes that popped into my mind were what I consider prejudices.