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23 September 2024 | 1 reply
Two codes of specialized paint for order control, not the regular Home Depot paint, were necessary.
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24 September 2024 | 22 replies
If you need to deal with property related information on a regular basis i recommend you cultivate a relationship with a Title company.
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23 September 2024 | 2 replies
The short answer is supply and demand.
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25 September 2024 | 6 replies
Many syndications will have special days or events for investors to visit the property to see how things are running, see improvements, ask questions, etc.I invested in a syndication last year and have been invited to several events already, plus they give regular updates on improvements and performance.
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24 September 2024 | 5 replies
Same result as selling to a regular buyer.
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24 September 2024 | 4 replies
The STR guest doesn't expect to earn anything beyond their regular pay during their vacation.
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23 September 2024 | 4 replies
Lead Safe certificates have a lower standard and the tests are cheaper, however the certificate and registration needs to be renewed regularly.
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23 September 2024 | 1 reply
Of course, the Federal Reserve's QT also impacts the supply side and can cause price changes that are not one-for-one with changes to base rates like the fed funds rate.I find it so interesting that you can have spread widening at times when rates are going down.
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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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26 September 2024 | 17 replies
My realtor isn't showing me anything that isn't on the regular residential MLS and she doesn't really add any value to these larger deals.