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3 October 2024 | 1 reply
Most homeowners shift to winter rentals during those months to keep some cash flow.If you’re planning to use the property yourself for two weeks in the summer, it’s important to keep in mind that it will take away a significant chunk of prime revenue, which will make it harder to break even or generate solid income.If year-round traffic is a key factor for you, you might want to look into areas down south or near a National Park, but with the right property and strategy, Cape Cod can still be a good investment—especially if you’re looking to have something to enjoy and eventually leave to your kids.
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2 October 2024 | 1 reply
Developers are seizing the opportunity to convert these spaces into much-needed retail and healthcare facilities, bringing new life to once-abandoned properties.The Future of Closed Drugstores: Plasma Centers, Restaurants, and Dog Parks
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3 October 2024 | 6 replies
Plan is to wall it off and convert to a 4br/2ba, update existing bath and kitchen, new floors, interior and exterior paint.
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4 October 2024 | 5 replies
They will say this to five realtors and take the lowest commission and eventually hate that they did it because the agent will suck.If you have the experience, you have the leverage.
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3 October 2024 | 6 replies
I have two thoughts. 1) If you can convert your 401K to Self Directed IRA that may be an option to invest INSIDE your retirement account. 60K is much for buying a property but you could can lend it out to get 10%+ returns. 2) Have you looked into a HELOC 2nd loan on you house?
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4 October 2024 | 27 replies
I am a wholesaler in Columbia, sc but eventually want to get into fix n flips and buy n holds.
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4 October 2024 | 9 replies
However, I know I eventually want to move into multifamily and apartment investing/syndications.
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3 October 2024 | 7 replies
Eventually, you'll stumble upon a home that could use some work, but in the right neighborhood.
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2 October 2024 | 3 replies
Even if you intend to convert it to residential through rehab, the current zoning as commercial is a no-go for the FHA 203k which is limited to residential.
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2 October 2024 | 5 replies
I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!