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5 August 2024 | 4 replies
I don't know, maybe it's a crazy idea, but I think it's worth exploring.I've been tossing around the idea of creating a platform that integrates different data sources in a way that's actually user-friendly.
5 August 2024 | 1 reply
We deal in low income properties, so our criteria is that rent cannot be more than 50% of income, but if the income source is non-taxable we increase it to 59%.
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5 August 2024 | 4 replies
Our current income sources are:W2 JobFreelanceSingle Family Home Rental (just one)We have been renting out our single-family home for about 2 years, generating $300 / month in cash flow.
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5 August 2024 | 0 replies
This deal was sourced through our partner, Seth Choate, who identified the opportunity in the Stockton market.
5 August 2024 | 5 replies
@Sai Kumar Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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5 August 2024 | 5 replies
You typically have three main hats that need worn: acquisitions (deal sourcing), asset management (execution), and capital structuring (equity raising, financing).
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5 August 2024 | 4 replies
The other 20% is NOT deductible.Next, interest related to an investment property is deductible against that investment property, no matter what was the source of the funds.
6 August 2024 | 16 replies
The cash flow is great, but I am looking for a lending source---private or a financial institution---to buy many more like these---they need to be in small cities though.Property management is not a problem, since they own the house and will fix it up themselves.
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9 August 2024 | 47 replies
Here's the language I use:Consent to Contact References and Perform Credit CheckI authorize [Type Agent Name Here] (“Agent”) to obtain, and to share with [Type Landlord Name Here] (“Landlord”), information about me from my credit sources, current and previous landlords, employers, and personal references, to enable Landlord and Agent to evaluate my rental application.I give permission for the Landlord or its Agent to obtain a consumer report about me for the purpose of this application, to ensure that I continue to meet the terms of the tenancy, for the collection and recovery of any financial obligations relating to my tenancy, or for any other permissible purpose.I authorize Agent to share my completed rental application (along with any supporting materials) with the Landlord.Applicant signature: _________________________________Printed name: ______________________________________Address: ____________________________________________________________________________________Phone Number: _____________________________________Date: ______________________________________________
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10 August 2024 | 85 replies
I'd love to buy from desperate sellers there.I don't know where you get your information about the Dominican Republic but it has very little to do with the information that I get from some of the best real estate agents, developers and lawyers and government contacts.Finally, my advice to everyone is to go beyond the trivial and do a proper due diligence, taking advice from the right sources.