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18 September 2024 | 7 replies
I personally wont give a wholesaler a non refundable deposit.. if the deal cant close for some reason they will normally ghost you.. this is probably new western or one of those outfits.. who rely on FOMO high pressure to get the deposits up front and released like that.
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22 September 2024 | 41 replies
I rely on AirDNA mostly for that
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18 September 2024 | 0 replies
Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.
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18 September 2024 | 35 replies
When asked why their properties don't cash flow in any rental calculator, the answer is: "people who use these rental calculators don't get the kind of deals we give you" 4, Re rent comps...I looked at Zillow, and another tool, and if I simply rely on Zillow, rents are typically lower and there are properties in the same few blocks on the market for 40+ days.
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20 September 2024 | 24 replies
These young adults who are currently filling up apartments will eventually start building families and will be looking for single family housing.
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16 September 2024 | 1 reply
This could boost your cash flow without relying on stock market returns (Which can be volatile)2.Real Estate Professional Status (REPS): If you’re leaving your W2 job, qualifying for REPS can allow you to deduct real estate losses against your ordinary income, giving you a big tax break.3.Cost Segregation: This can accelerate depreciation on your properties, creating significant tax deductions.
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20 September 2024 | 73 replies
If you don't believe me spend more time with them :) That said, NEVER rely on a broker or agent to interpret the law.One thing not said is that realtors provide an assurance to the parties that the deal can close.
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21 September 2024 | 33 replies
I rely on historical norms to create a baseline for what to expect.
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17 September 2024 | 6 replies
If you don't have an appraisal and cannot rely on the county website then speaking with an appraiser sounds like your best option to get an accurate valuation.
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16 September 2024 | 12 replies
We are looking to get more cashflow in because if we have more kids, we might only rely on one W2 income (and more on the income from the rental houses).