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9 January 2025 | 16 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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24 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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2 February 2025 | 9 replies
Not much, but something to keep in mind.They are all good options, I would also recommend a place where you are physically the closest to or can get to easily.
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24 January 2025 | 3 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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6 January 2025 | 2 replies
What books would you recommend for someone who’s just starting out?
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17 January 2025 | 10 replies
Investors like me are left sifting through overpriced junk instead of finding real opportunities.Pro Tip: The average wholesale contract is for a 30 day "inspection", while the wholesaler looks for a buyer.
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20 February 2025 | 51 replies
& ask the people about the thing they're good at, okkk got it :)I will do that, thank you very much hey I picked up some tips from the podcast too.... still listening to it, but.... : - Robert Kiyosaki, "Rich Dad, Poor Dad", and "Cashflow Quadrant" - (already have the pdf ready to go.... but also "rich dad")- Dave Ramsey- the more creative way of getting the carryback note down from 40,000 to 30,000 - and using that, to make everyone happy.... and move the deal along- and I also wrote down.... : never give a city inspector the lock box code before you get there lol…. or do try to stand in his way a bit lol -- that's awesome.... gives me an idea for the culture - and what they must be like lol.... anyways, Shiloh thank you so much - I appreciate it a lot.... great first day, checking the site out much appreciated !
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18 January 2025 | 36 replies
Im trying to avoid being the bad guy here, while still protecting my investment.The insurance company requirement is a great tip.
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10 February 2025 | 16 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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16 January 2025 | 78 replies
But I can't recommend something I would not do as an investor myself, so here it goes:1.)