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26 July 2024 | 0 replies
This project highlighted our ability to enhance property value through strategic, minimal renovations and effective project management, resulting in a successful and profitable sale.
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26 July 2024 | 3 replies
Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.
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25 July 2024 | 24 replies
I have a strong feeling the seller/listing agent is in the dark.
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24 July 2024 | 8 replies
Single Tenant, multi tenant, condo, flex space.Ask yourself this question: is this easy to backfill if the tenant goes Dark?
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26 July 2024 | 14 replies
You can obtain this from Home Depot for a minimal cost.
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25 July 2024 | 11 replies
I don't think tenants would abscond with their mobile homes under the cover of darkness without paying.
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25 July 2024 | 2 replies
Everyone knows the 3% or 4% balance transfer fee, but compare the fee to the interest you will pay over the same period with a traditional loan.If you have $10k in debt at an 8% interest rate with a traditional loan versus $10k of credit card debt with a 4% fee and keep both for a year (making minimal payments), you will pay less interest with the credit card.
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25 July 2024 | 0 replies
The property was acquired for $200,000, with a minimal renovation budget of $5,000, and a promising resale value of $251,000.
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25 July 2024 | 6 replies
In this section, I want to emphasize the benefits of seller carry financing, share success stories where it enhanced the deal, and highlight the tax advantages of utilizing a 1031 exchange.Seller carry financing is a powerful tool that allows investors to purchase properties with flexible terms and minimal upfront capital.
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27 July 2024 | 108 replies
I would try to limit the number of sales in a given year to minimize capital gains and depreciation recapture.