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15 August 2024 | 9 replies
With the $38,000 from the HELOC, you can cover down payments, closing costs, or even some light renovations on a new property.One strategy you might consider is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat).This approach lets you leverage the equity in your current property without sacrificing your cash flow.
13 August 2024 | 3 replies
What method's can I use to get them back in conversations with me without going back to NYC?
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12 August 2024 | 1 reply
Gurus teach a method, a strategy or a tactic.
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13 August 2024 | 11 replies
If not, you have to fix it by abatment or LBP hazard control methods.
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12 August 2024 | 16 replies
Our folks do that method too.
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12 August 2024 | 19 replies
I also have a method of analyzing locations to find out how in-demand properties are there compared to surrounding areas.
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11 August 2024 | 7 replies
Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?
15 August 2024 | 33 replies
Given your current savings and monthly savings rate, you're in a strong position to start your journey.BRRRR StrategyThe BRRRR method is a powerful way to build your real estate portfolio by leveraging your initial investment to acquire more properties over time.Cleveland vs.
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12 August 2024 | 37 replies
There's a reason this is the preferred method for new buyers with little to no capital.
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6 August 2024 | 5 replies
Purchase price: $150,000 Cash invested: $100,000 Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).