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11 September 2024 | 22 replies
Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..
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8 September 2024 | 29 replies
As they say the loudest boos come from the cheapest seats - I wish you spoke to the revolutionary nature of this marketplace and the breakthrough we achieved by risking a LOT of ad spend to help the industry have a better alternative.
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9 September 2024 | 19 replies
Generally, if it was due to sudden damage, the cost to bring the roof back to the same condition using the same materials is not a betterment.
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7 September 2024 | 85 replies
While the self-directed IRA is a great structure for investing into real estate and other alternative assets, the Solo 401k is widely considered to be even better.Compared to an IRA, Solo 401k contribution limits are roughly ten times higher and there is no custodial requirement for the 401k.
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9 September 2024 | 52 replies
They buy in and get part of the cash flow, you get the cash.The alternative, and the best one at this point, is to refi.
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8 September 2024 | 168 replies
I agree, that is an alternative that will yield similar results, but I see no supporting evidence that it is better and/or cheaper.
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8 September 2024 | 15 replies
This would offer an alternative and it can set you apart from other competing rentals.
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5 September 2024 | 2 replies
If wholesaling were to be banned nationwide, what is your best alternative strategy or next steps to consider?
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9 September 2024 | 18 replies
Or alternatively go down to the local housing court, walk up to the counter and ask a clerk who a good real estate attorney is.
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7 September 2024 | 7 replies
Squeezing the architect costs to save a few thousand is pennies as compared to the hundreds of thousands coming by way of costs for construction (materials & labor), filing and inspection fees, etc.