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4 January 2025 | 12 replies
However, if you're a W2 high income earner or business owner, I can't imagine it makes any sense to flip houses, mail mass post cards, wholesale, or build lead gen websites with the value of your time being better spent other places (such as learning about real estate and increasing your income through proven means), such as at your 9-5pm or growing your business, and your real estate is a long term process and you don't need "home run" deals to qualify or make it work.
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21 January 2025 | 3 replies
I would love to hear from others doing flix and flip in NYC on their experience on doing this business.
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20 January 2025 | 1 reply
I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option.
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20 January 2025 | 1 reply
I’ve had most luck with signs in front of my plaza and word of mouth - networking at Chamber of Commerce and chatting with other business owners in the area.
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20 January 2025 | 6 replies
They’ll coach you right into it being your own business that allows you to leave your W2, if that’s your goal.
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17 January 2025 | 23 replies
That being said, it can be the most satisfying and cash-flow-positive business around.
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23 January 2025 | 5 replies
You must have the intent to hold the relinquished property and the replacement property for rental, investment or business use.
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17 January 2025 | 37 replies
And real lenders don’t troll for business by texting.
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17 January 2025 | 3 replies
Over the years, I’ve learned that offering tiered returns can be a win-win strategy—it rewards investors for their level of commitment while helping us maintain flexibility in our business.
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21 January 2025 | 5 replies
Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.