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20 May 2024 | 12 replies
Our lovely East Coast boasts some ideal areas that have shown consistent property price value increases over time, making them attractive for long-term holds, particularly in the rental property market.Consider these cities and zip codes in Southeast Florida:Miami-Dade County:Miami Beach (33139, 33140)Coral Gables (33134, 33146)Brickell (33131)Broward County:Fort Lauderdale (33301, 33304)Pompano Beach (33062, 33064)Hollywood (33019, 33020)These locations have witnessed remarkable growth, but it's always wise to conduct your own research and evaluate factors that align with your investment goals and risk tolerance.If you'd like to hear personal experiences or discuss further, I'm more than happy to chat with you.
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20 May 2024 | 2 replies
This will help people connect with you after determining how their goals, services and resources align with yours.All the best to you on your journey!
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22 May 2024 | 30 replies
if a PM has a % on repairs or rehabs, higher or lower or even doesn’t have (but its vendor recognize a 10% under the table) their interest will go thru bringing and finding repairs to do.If PM will be in charge of the finance and keep the budget aligned, it wouldn’t be the one who handles/hire/have interets in any expenditures.
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21 May 2024 | 21 replies
I also believe things will go best if he's economically aligned with me.
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19 May 2024 | 2 replies
Remarkably, everything aligned perfectly according to my plans, leaving me in awe of the reality I was living in.Presently, I continue to strategize and aspire to acquire more properties, with the goal of becoming a successful realtor investor, further building my real estate portfolio.
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22 May 2024 | 74 replies
This helps you discover the GPs and operators whose deals aligned perfectly with your investment goals.Ditching cold calls is a game-changer.
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19 May 2024 | 4 replies
This means identifying your investment goals first, then choosing a market that aligns with that strategy.
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20 May 2024 | 13 replies
If you do go that route, be careful not to hold yourself out as the GP, or at least clearly explain the roll you played because there are quite a few GP's in hot water right now who at the minimum were intentionally vague about their roles creating the perception they have a track record that doesn't align with reality.
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21 May 2024 | 11 replies
So think about what is unique about your team and really make sure everyone is aligned with that vision and your team.
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19 May 2024 | 3 replies
Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.