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29 December 2024 | 2 replies
You’ll want to check if your specific work falls under their home improvement contractor licensing, or if there are additional local permits required depending on the county.
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12 January 2025 | 185 replies
You point out specifically "... on forum run by his publisher."
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13 December 2024 | 6 replies
In his, it may be called something else, but once he checks it, his software should unlock all past losses specifically linked to the sold property.
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15 January 2025 | 24 replies
This cushions potential value drops.Syndicator vetting: Only partner with syndicators who have a strong track record in different market conditions.Market and asset class knowledge: Understand market cycles and the specific real estate types (multifamily, industrial, etc.) you're investing in.Avoid chasing trends: Just because a market or asset is “hot” doesn’t mean it’s solid.You’re right that this approach doesn’t cap your upside, quality diversification can still generate huge returns while managing risk.Best regards,Drago
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3 January 2025 | 12 replies
With all of that in mind, I think it would really be dependent on where you see that specific market going.
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7 January 2025 | 16 replies
Some towns require a residential parking permit (sometimes on specific streets only within that same town) - you need to know what those requirements are and how feasible it will be.
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1 January 2025 | 4 replies
Call the zoning department again, and this time ask specific questions: Is a variance required, or can you proceed as-is?
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22 December 2024 | 8 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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30 December 2024 | 13 replies
I think it's going to be location specific for sure; where I am very few people hang out in the house all day long as they are usually busy hitting the parks and attractions.