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31 July 2024 | 9 replies
I happen to be a new investor that's gearing up to acquire my first property in the Southeast market(Charlotte and Atlanta) and multifamily was my target, however, I have an open mind and I am interested in what you would suggest as the other ways of getting the 1% rule in the South (which is still achievable).
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30 July 2024 | 3 replies
The first year I acquired land through owner financing and then I lost my job, so I lost the deal.
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30 July 2024 | 1 reply
I’m not rich and I feel saving 20k per property isn’t the best nor fastest way to acquire a decent amount of properties over the next decade.
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30 July 2024 | 4 replies
I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end
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30 July 2024 | 0 replies
Acquired for $162,000 and resold for $272,000 the same day, the deal offered excellent profit margins.
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29 July 2024 | 12 replies
Currently, I am looking to see about acquiring commercial land and building a warehouse or FLEX space.
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31 July 2024 | 37 replies
One was just acquired, the other is top of its market in a resort town.
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30 July 2024 | 16 replies
All the successful investors on BP (myself included) have teams doing work for them to find, acquire & manage properties.
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30 July 2024 | 0 replies
Acquired for $154,000 and resold for $185,000 on the same day, the deal offered excellent profit margins with minimal holding time.
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1 August 2024 | 71 replies
If Jesus came back and got into rentals NO, N-O-B-O-D-Y get's admin access into our system. 2) They want a standardized list for maintenance items so they know in advance what repairs would cost.Being a PMc I'd invite them to acquire any of the readily available construction estimating tools/software out there such as RSMeans, but would not take on such a task as building and maintaining such a database, honestly for any $, it's simply not what we do. 3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.A-ok. 4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.I'd be fine with this as long as they sign a waiver that they own any/all negative impacts that result from such including extended vacancy periods, vendor refusals of service necessitating there own self-search to secure amicable vendor etc etc.. 5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $300LMAO!