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26 September 2024 | 14 replies
You might be best fit finding those in between deals.
22 September 2024 | 8 replies
I have 8 units so far, all duplexes and SF in Toledo & Cleveland, Ohio. My family member wants to invest in a 24 unit apartment with me so I'm trying to run the numbers.
My question:
What reasonable terms can I ...
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27 September 2024 | 66 replies
Or if there is nothing that fits that right now, where and when people see the next business model for investors - especially those with cash to lean into.
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25 September 2024 | 7 replies
These are ones that really need a contractor to walk the deal/property to make sure that it fits within the numbers that you have put down on paper for the repair costs.
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27 September 2024 | 47 replies
The main thing is understanding how does real estate fit into their entire financial picutre - do they want it to be a part of it?
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24 September 2024 | 1 reply
Any profit made from them reselling the home comes back to you directly.Here is the reason that this program does not fit most people.
24 September 2024 | 10 replies
It's like using a persons weight to compare fitness level.
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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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23 September 2024 | 6 replies
I would be happy to grab coffee sometime if that is something you could fit into your schedule one weekend.
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24 September 2024 | 6 replies
Private lenders or bridge lenders may also be a good fit, as they tend to offer more creative solutions compared to traditional banks.