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12 January 2025 | 23 replies
@Sean Gallagher not a sales pitch, but this is what we provide for investors in Metro Detroit:)Understand that if you hire the latest & greatest PMC, many grow using poorly trained VA's. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.
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17 January 2025 | 12 replies
Not siding with the contractor, but as an investor you will have to learn to understand costs better and when it doesn't seem possible for the contractor to complete the work at the stated quote its best to walk away.
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16 January 2025 | 18 replies
The only thing is, he mentioned that I will have to file an extension because, understandably so, he does not have the time to complete my small business returns by 3/15 (8 days from today).
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26 December 2024 | 13 replies
So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!
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12 January 2025 | 185 replies
I don’t understand why everyone gives so much anxiety to the due on sale clause.
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7 January 2025 | 5 replies
Does it mean something I am not understanding?
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9 January 2025 | 1 reply
I understand some of the economic factors that can lead one to a particular city or province (or state), but unsure of some of the key elements as you funnel down below that level.Appreciate any insight.Tyler
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14 January 2025 | 5 replies
From what I understand you could be buying something that is completely dilapidated but even if that was the case if it was for 10k or less, you could sell the land.
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7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
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10 January 2025 | 1 reply
A realtor who understands the numbers can help analyze the property’s projected cash flow and ROI, plus they might know local leads from probate attorneys or even “drive for dollars” efforts that can reveal off market gems.