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27 June 2024 | 5 replies
Not sure how accurate that is.
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26 June 2024 | 15 replies
I am looking to see if anyone has any suggestions on how to get an accurate number on rehab costs.
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26 June 2024 | 0 replies
This shocking truth opened my eyes to the importance of maintaining an accurate and up-to-date financial statement to secure financing.To navigate the world of real estate financing, it's essential to recognize market preferences and loan-to-value (LTV) restrictions.
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25 June 2024 | 8 replies
Never heard about this company before, but they claim to use raw data from Airbnb, and frankly I found them to be more accurate than Airdna.
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25 June 2024 | 1 reply
Currently working on analyzing leads accurately relative to rental income and interior of property when determining offer price.
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26 June 2024 | 11 replies
@Amy DenzlerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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26 June 2024 | 4 replies
As of now, HELOC rates typically range from 5% to 7%, but it's essential to check with multiple lenders to get the most accurate and competitive rates.Joshua Christensen - I totally agree with these points as well.
25 June 2024 | 4 replies
These markets are very large in NC (comparable and larger than Fayetteville) providing for great economics as well as a more diverse employment base.Doing a renovation is not as intimidating if you have the right team that can provide you comfort with before-and-after's of other projects they've done, plus accurate $s surrounding those projects.
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28 June 2024 | 41 replies
If both your names on the deed and you file a joint tax return the the two of you (or more accurately your joint tax return) are really seen as the taxpayer for that property because it is reported on your joint tax return.