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29 July 2024 | 0 replies
The Devon Drive deal provided important insights and presented a few challenges.
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30 July 2024 | 12 replies
Their services were presented to me as a $99 a month flat fee for managing my property and he explained to me how they write a rock solid 11 page lease and help find tenants if we need a tenant.
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29 July 2024 | 5 replies
This is important because the discounted property tax is likely the only advantage of keeping it and that is only present if you move in.
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31 July 2024 | 27 replies
You could probably go after high end mansions to renovate with lots of upside but the time to flip those is long and presents risk to your capital being stuck in a market cycle that has stalled and started to go back down again.This is why many are not rehabbing at all but flipping contracts and letting others take that risk.If you can sell a contract and make 5k quickly versus rehab a starter home and take months to make 15k to 20k it doesn't make sense.
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2 August 2024 | 53 replies
. - Mindset's conditioned in a kind of FOMO position from covid bull-run, a stimulus action that present's a buyer surge, and a sold price surge, may be the spark for a real tangible bubble creation appreciation frenzy as those act upon FOMO to "grab the profit's" or "get in before it's too late", ignoring market basis fundamental's, thus in a feed-back-loop of rapid appreciation, ie "bubble". - I do not see risk in seller finance side of things as i don't see potentiality of mortgage rates dropping below 6% in any enduring manner.
29 July 2024 | 40 replies
Both for the past and not dragging out the present.
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31 July 2024 | 37 replies
It's all about the product you present.
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27 July 2024 | 10 replies
You can then invest in improvements that align with market demands to make the property more appealing to a wider audience and maximize your return.4: Staging and presentation is important 🛋️Staging your property can transform it from just a house, to a dream home in the buyers’ eyes.
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27 July 2024 | 15 replies
So we bought into the idea that it’s a great investment. we went non contingent over asking but just not happy with the way the deal went .. reluctance of our agent to spend time on the property and when we went for inspection with sellers inspector the seller agent was present and that didn’t give us room to ask questions and really inspect and feel the property to our liking… I am not sure if it’s just a feeling that goes away or will this be a terrible mistake .. earnest money is also a very large sum
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28 July 2024 | 10 replies
@Amy Konopka- 1) you might ask present heloc lender if they can offer a new / larger line ...2) assuming they cant - getting a new heloc to payoff / replace an exisiting heloc should be fine assuming you qualify for one 3) many lenders have max limits on the heloc amt - often 250k 350K 500K etc ......4) most heloc lenders will use a CLTV ( combined loan to value ) max of 85-90% of value ..thus getting a huge heloc for all of your equity isnt ikely to happen