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29 November 2024 | 2 replies
Getting all corrections made at once and an expedited fashion, for example city asked for 10 things to be corrected by designer, get plans back get all corrections made within one to two days (this is a slow process at times, sometimes this is one of the biggest time killer).
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3 December 2024 | 22 replies
Ironically, platforms designed for real estate (Zillow, Apartments.com, Rentler, etc.) produce very few tenants for me, compared to FB Marketplace (and I also find a lot of their functionality to be user un-friendly, from the landlord side). ...you'd think that platforms custom-made for real estate would make the process a snap for landlords, but it takes me a lot longer to post and manage rental listings on Zillow or Rentler than it did on Craigslist.
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12 December 2024 | 49 replies
My initial investment was directed toward the new Turks & Caicos location, but it's still in the developmental process.
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3 December 2024 | 26 replies
It was a nightmare to keep track of everything.Baselane has simplified my rent collection process significantly.
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8 December 2024 | 10 replies
This is part of my loan process - a discovery and strategy session with the client to understand their scenario, future plans, and overall situation so I can structure the loan to fit into it.
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5 December 2024 | 31 replies
The process of flipping and rehabbing isn’t just about the renovation itself—it’s about having a clear, long-term vision for the property and executing it step by step to bring that vision to life.
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2 December 2024 | 9 replies
I’m still in the learning process of what avenue of investing I want to venture down, and about a year ago I signed up for a course to become a realtor but then backed out as it wasn’t the right time to devote that kind of studying.
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5 December 2024 | 10 replies
I understand there is a lot more that goes into this process but I'm just curious if it makes sense from the most basic viewpoint for starters, thanks for your input!
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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5 December 2024 | 8 replies
There’s no harm in making some quick profit and reinvesting.If you're thinking long-term and are okay with the more complex refinance and buy-out process, BRRRR can build your portfolio, but just be sure the cash flow and potential appreciation make it worth the hassle.