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9 May 2024 | 12 replies
Then you've opened Pandoras Box and you instantly have the guys in the HazMat suits with fans and plastic sheets all over.....and a bill for $5000 for something you could have done for $50.I used to do this kind of work on the weekends when the city inspectors weren't driving around :-) haha , one time the hazmat guy come down to check for asbestos checking ; it wasn't that bad it's actually 2k and insurance company for that in my case.( To be honest, the house with water damage is good to buy because it scares the potential buyer, but if it's located in good location we could sometimes purchase the house with 10-30% discount lol but nowadays even FTHB knows this secret too so they still overbid the house )but yeah, to the OP, if you want to be sure you have to cut the drywall, the more the better.
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10 May 2024 | 28 replies
The residential brokerage industry is in transition right now; after numerous attempts the last 15 years by well financed - venture capital backed companies that attempted to "disrupt' the industry (ibuyers, Zillow, buyer's only agents, public access to MLS, flat fee MLS, discount brokers), we are still at basically the same place we were in 1975, i.e., 6% commission paid by seller.So, the next step is compliance with the settlement agreed; no offer on MLS of seller agent sharing points with buyer's agent.
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7 May 2024 | 1 reply
Hi, I'm Didi, an out-of-state investor looking to expand my international portfolio in Louisville.I think Louisville is a great city and has tremendous potential.
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10 May 2024 | 23 replies
Typically, I am able to purchase those properties at a discounted price and walk in with built in equity.
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10 May 2024 | 116 replies
With debt coverage on a property at 1.8 - 2.2 range, even if the economy takes a huge downturn you can discount rents by 30-40% and still be cash flow positive.
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14 May 2024 | 125 replies
Work with your lender how to do that, so you can sell them retail one by one - not to another investor (for a discount).
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9 May 2024 | 19 replies
Guest booking more than 14 days: 30 day minimum stay (45% discount to book 30 days or more)Guest booking 14 days or fewer: 1 day minimum stayThis books our midterm stays first then fills in gaps with short term stays.
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9 May 2024 | 9 replies
I do know they *typically* carry a higher risk profile, given their higher return potential (after all, you're usually and hopefully buying at a discount).
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7 May 2024 | 9 replies
I kept reading some apt is operating with DSCR 0.61x ; I bet there're professional buyer in line willing to buy those asset with large discount LOL
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9 May 2024 | 107 replies
Purchase 2 million of real estate for flips or rentals. 50k into crypto.100k into stocksBuying discounted businesses.