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9 August 2024 | 18 replies
., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
12 August 2024 | 22 replies
@James McGovern yes, it can if you put a lot of time into it and have consistency.
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9 August 2024 | 4 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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8 August 2024 | 1 reply
Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term
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5 August 2024 | 5 replies
I’m currently facing a similar situation and realized that I wasn’t using the right resources or consistently marketing to a single, optimized list.
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8 August 2024 | 5 replies
These are all things you need to do some homework on and figure out.In terms of BRR and flipping.Flipping makes you more money now.But BRR gives you the opportunity to invest, recoup your investment, have heavy depreciation tax write offs & build a portfolio which PAYS YOU IN YOUR SLEEP.You only have so much time to work, but the need for housing will consistently increase as our population is outpacing or supply of housing year after year.
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8 August 2024 | 11 replies
To add: you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.
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12 August 2024 | 37 replies
The only thing that’s consistent is that a HUGE percentage of people (99%?)
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19 August 2024 | 244 replies
Or sad maybe....And it should be noted that 'we' are not @Jonathan Greene s buddies/friends/etc, never met the guy, but he gives solid advice continually/consistently and I respect that, most people don't realize how difficult that is...and valuable for those that take it as it is given.I have experienced the posters who ask for advice, and then when presented with the 'correct answer' (by multi-decades experts) start to argue and call names....happens all the time.
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7 August 2024 | 7 replies
However, to play devil's advocate, you can capture some of that equity upon the sale of your house hack to use for your primary home (future family home) and/or future investments.