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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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24 September 2024 | 5 replies
Because travel nurses are typically on three month contracts, there are only four tenants per year; much less data to keep track of vs.
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24 September 2024 | 4 replies
Happy to share with you some market data on these cities!
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23 September 2024 | 0 replies
Try to find some industry commercial deal Analysis data but most of them are for muti family .
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23 September 2024 | 9 replies
They gather data straight off Airbnb, VRBO, and a few other major STR rental companies that sell their data.
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23 September 2024 | 16 replies
Although I have not yet purchased my first tax deed property, I have been spending a considerable amount of time researching the tax deed sale process and the tools that can be used to streamline the process as much as possible- one of those tools being PropertyOnion.com.The website seems to provide a wealth of knowledge for pretty much any property you'd like to research, and provides data that could be useful to a variety of RE investors.
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24 September 2024 | 9 replies
I’ve been looking at data on rental properties in Destin and Panama City Beach, and certain amenities seem to drive higher booking rates.
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23 September 2024 | 25 replies
At the very least, you’ll need to loop in data from other sources.
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25 September 2024 | 13 replies
depending on what you are looking to do, there is a Market Finder tool within BP as well under the "Pick Markets" tab which has some data that may help
23 September 2024 | 10 replies
👇So far, Dave has hosted live workshops packed with his latest data insights on the following topics: ✅ February: Picking a Market for your First (or Next) Real Estate Investment✅ March: How Do Mortgage Rates Work, and Where Are They Going?