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12 December 2024 | 9 replies
However, as @Chad Hale mentioned, only if you can afford it - meaning both financially and mentally (e.g. how stable are both of your jobs, how long will it take you or your husband to find a replacement job, how much you have in reserves, and whether you guys are in a position to withstand that mental stress, etc.)When you mention 8k monthly, IÂ am assuming that's net profit?
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16 December 2024 | 5 replies
For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.
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25 January 2025 | 155 replies
This my friends on BP is just the reality of Real Estate you have two basic methods One mom and pop keep their day jobs and start buying long term hold rentals as they can afford them and if they like it they keep at it..Two you jump in the game and try to make money transactionally IE RE Broker Flipper Wholesaler MLO leasing agent etc etc.. this also is a long term ramp.. what the Guru programs attract generally speaking is those that get excited think they can somehow buy a program ( any program pick one) and its going to jump start them to this mythical financial freedom everyone talks about..
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12 December 2024 | 19 replies
•You persevered and did what it took to get the job(s) done.
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11 December 2024 | 11 replies
We do full renovations, baths, kitchens, small jobs big jobs - all the jobs!
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14 December 2024 | 42 replies
If there is one thing I would do different is: I would invest Out Of State in markets that had sustained growth, strong job numbers, were safe and desired, and had favorable Landlord laws.Â
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12 January 2025 | 185 replies
I have seen and heard many times over the years, "yea the Bank just wants to foreclose so they can reinvest that money in a higher interest loan" that is BS.Let me ask you this, if you worked for a Servicer and you went to your boss and told them, "hey Boss I am going to foreclose on a bunch of preforming loans", how long do you this you would keep your job?
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13 December 2024 | 32 replies
I'm falling way behind my plan, and with my W2 job becoming unbearable I want to accelerate my RE efforts.Â
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13 December 2024 | 2 replies
Do you have contractors to get the job done?Â
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16 December 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.