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25 July 2024 | 4 replies
I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.
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25 July 2024 | 14 replies
Readers are advised to seek professional advice.
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25 July 2024 | 2 replies
Posting the same question in multiple forums.After reading through, I learnt the lessons and applied it as regards questions I would normally ask about my interest in wholesaling as a strategy to starting in the Real Estate Industry, I realize a whole lot of persons had same questions and I learnt from the Responses on the various discussions.It also changed my perspective in the way I approached the vets in the house, right now I just want to connect, I mean we are seeking financial freedom and for most of us that is time to do what we want and if I don't have regards for your time by being valuable to you, then I don't regard you enough.
24 July 2024 | 8 replies
Hello everyone,
I am reaching out to connect with individuals who have experienced significant issues with the Section 8 housing program, specifically regarding their failure to enforce their own lease agreements.
A...
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24 July 2024 | 7 replies
Interested in purchasing a vacation home in downtown Seattle. Specifically looking in the Belltown area. Just started exploring what is available, prices, and rents. It seems there is a significant discrepancy with th...
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27 July 2024 | 15 replies
It may be worth it for you to lose the earnest money and seek out another property and another agent.
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24 July 2024 | 6 replies
Real estate investments, when managed wisely, can provide a steady income stream through rental properties, potential tax advantages, and the possibility of significant appreciation in value.To maximize your success, it's essential to conduct thorough research, understand the local market, and seek advice from experienced professionals.
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26 July 2024 | 11 replies
I would (am always seeking to) work with a partner.
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27 July 2024 | 26 replies
If you don't have 20%+ down, you really should seek a house hack.