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23 November 2024 | 38 replies
If I have a specific area I'm looking in I would call multiple agents to ask about the area.I also reach out to communities like this and ask for others' input as well as recommendations for a good crew- handyman, plumbing, etc.Visiting in person sometime in the beginning would be ideal so the neighbors can know you and help give you info when you're gone.And it may just be me but I like to partner with locals
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19 November 2024 | 19 replies
If multiple travel nurses are telling you that the price you want is outside their budget, then the MTR market may not be the right place for you.
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18 November 2024 | 12 replies
I'm on a completely different angle of this.I think you should have way more reserves than the average BPer, especially if you have multiple units.
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18 November 2024 | 13 replies
After multiple promises of catching up on rent, they are now 3 months behind.
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21 November 2024 | 23 replies
Once you have multiple crews going at once, labor costs can get out of hand very easily.
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16 November 2024 | 8 replies
Have multiple 4 units (B/C asset class) in different parts of city and we average about $100-$120 a month per building.Cheers,Art
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19 November 2024 | 13 replies
This is contradictory from what I see locally and what I have been told by multiple national lenders.
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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15 November 2024 | 1 reply
Using multiple platforms together and cross-referencing with public records or MLS data (if accessible) can help minimize discrepancies.