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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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22 September 2024 | 7 replies
Works out to be cheaper than any other text blaster that is legal.
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24 September 2024 | 19 replies
city / state reversed the law that made all drugs legal that was a bone head move .. and they finally figured that one out.. the next one they need to reverse is that any theft under 900.00 basically is just a ticket and not enforced thats also led to the rampant theft that has closed down numerous business's .
23 September 2024 | 10 replies
I know you can't speak legal but maybe there are high level things to look out for.
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23 September 2024 | 5 replies
Eventually you will collect rent, legal fees and all other court costs.Lesson to other landlords.... deposits and LMR are never to be applied to a tenants rent.
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23 September 2024 | 20 replies
I doubt we would actually live there but will probably create some sort of mother-in-law or ADU situation to be “legal”.
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23 September 2024 | 2 replies
With over 3 million square feet of retail space soon to be available, the closure marks a significant shift in the retail landscape.The company, which rebranded in 2022 to distance itself from past legal controversies, including a 2015 class-action lawsuit over unsafe laminate flooring, ultimately could not overcome its financial hurdles.
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27 September 2024 | 14 replies
(side note: Dual Agency is not legal in every state. so it may not even be possible.)Next time you do find an agent, you need one who is a local expert and FULL TIME.
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23 September 2024 | 81 replies
Legally speaking, unless they confess to it you can't prove it was from them.
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18 September 2024 | 3 replies
Hi, looking to see if anyone here has partnered with Estate legal services partnership program.