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24 February 2024 | 20 replies
Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.
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26 February 2024 | 28 replies
Put your popcorn away because for now I am exercising the Lincoln Leadership method.
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23 February 2024 | 2 replies
The answer question 1, although they likely won't exercise it, they could technically trigger the due on sale clause and force a payoff if you transfer and question 2, Yes...you will have credit pulls regardless of the loan direction with few exceptions.
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22 February 2024 | 1 reply
It's a meetup at a physical location in Hawaii, however, I can make it available via ZOOM if there is enough interest.
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22 February 2024 | 1 reply
Common benefits are:- Opening and scanning mail to email you a copy of what was inside- Shredding/disposing of unwanted mail- physically forwarding mail to another address (for a fee of course)- Depositing checks that they receive on your behalf.Just google "virtual mailbox dallas" and you'll see plenty of options for that market.
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23 February 2024 | 14 replies
Since you are only doing face time viewings I am not sure of the cadence you are doing these but I would bump that up to be as frequent as possible if going physically is not feasible.
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22 February 2024 | 14 replies
Doing an OOS renovation is even more challenging - you can't physically check on the property unless you fly out there frequently.
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22 February 2024 | 4 replies
Perform your banking wherever is most convenient to you not based on where the bank's physical presence is located.
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23 February 2024 | 35 replies
Hail coverage is unfortunately getting really expensive (like $5000 deductible).As for vacancies, call around to multiple PM companies and ask about economic vacancy, not just physical vacancy.
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23 February 2024 | 24 replies
Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?