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14 May 2024 | 31 replies
For starters, make sure you are working with a TK provider that is not just going to tell you all the pros of the marketplace and their company but also all the risks associated with the marketplace and all their weak points.
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12 May 2024 | 1 reply
Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.
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12 May 2024 | 5 replies
Also find an REI or LL Association and network with members, surprising what comes up when you least expect it.
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16 May 2024 | 158 replies
As a business owner myself, I would not want to claim association with, let alone endorse a low-quality company with deceptive business practices, like WealthAbility – it just reflects poorly.
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12 May 2024 | 2 replies
Your Realtor association should be able to provide you with a Realtor approved lease.
12 May 2024 | 12 replies
Which is still possible to get a negative DSCR loan, but the rates go up a bit for the associated risk!
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11 May 2024 | 8 replies
Try Associated Credit Union in GA.I got a 2nd home loan from them in the past.
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14 May 2024 | 125 replies
Losing sleep and the associated stress could negatively impact your personal and professional life… which could REALLY hurt your finances even more.One of my golden rules is put your personal (physical, mental, emotional) health first.
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11 May 2024 | 6 replies
I would recommend going to a real estate agent and asking them if there is a standard lease that is used by the Realtor Association and use that one.