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5 August 2024 | 12 replies
I would tell you to get really, really smart on self-storage, mobile home parks, or something that can be run by a low-skilled employee and pretty hands-off.
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5 August 2024 | 27 replies
I have one Full Time Employee (and well paid) for every 10 properties we manage.
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6 August 2024 | 28 replies
My differing advice/thought is if you plan on being a doctor for most of your life, and your goal isn't to replace your income with real estate in the next couple of decades, sacrifice "projected returns" and do your homework on the risk for any deals you evaluate.
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3 August 2024 | 3 replies
You would still have time after the two year lease to evaluate and decide if you wanted to sell at that point.
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6 August 2024 | 38 replies
I’ll definitely keep this in mind as I evaluate potential investments.
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2 August 2024 | 6 replies
To succeed in hard money lending, know your local market well, value properties accurately, and carefully evaluate borrowers.
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4 August 2024 | 37 replies
To properly renew a lease with a tenant, several tasks SHOULD be done:1) Evaluate the property to make sure tenant is taking care of it and you want them to stay.2) Do a market analysis of rental rates.3) Determine target rental increase amount4) We present all this to the tenant, as we assume they're looking at rental rates on Zillow, etc.5) We then ask the tenant what adjustment they think is fair and then negotiate rent amount and lease term (we always try to go for 2 years).6) New lease sent electronically to sign.All of this takes time, hence a Renewal Fee.
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2 August 2024 | 4 replies
He explains how to evaluate and purchase.
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6 August 2024 | 29 replies
I have business overhead, operating expenses, employee expenses etc.
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2 August 2024 | 8 replies
You also want to look at the property from an future equity position and evaluate the ARV.