3 July 2024 | 20 replies
There are so many different options and big guys will advise to spend $5000-$25000 per month on marketing to get a steady stream of leads that can close deals.
3 July 2024 | 0 replies
Several years ago, even with high cash flow from a business, I felt fairly locked out of the places I wanted to purchase due to endlessly rising prices and rates that required constant underwriting revisions to the point where it wasn't worth the time expense.
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3 July 2024 | 2 replies
Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.
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2 July 2024 | 0 replies
You have established a stable income stream and solid understanding of the market.
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2 July 2024 | 1 reply
Exploring alternative revenue streams, such as short-term rentals or mixed-use developments, can increase cash flow and diversify income sources.
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2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
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2 July 2024 | 9 replies
Those all probably have a higher ROI for you.If you really want to get to financial freedom, keep building your passive income streams.
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2 July 2024 | 2 replies
You need to be constantly looking at properties in real life so you know what the number actually look like in your market.
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2 July 2024 | 3 replies
So, unless replacement jobs are constantly being created, your tenants will not be able to continue paying current levels of rent.
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3 July 2024 | 14 replies
If the constant turn-over bothers you, but you like the idea of rental income - maybe the long term rental is the way to go.