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2 October 2024 | 13 replies
Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.
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2 October 2024 | 5 replies
How long do you plan to be in that loan before either refinancing or selling.
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2 October 2024 | 2 replies
I would go back to that company as you are doing and reconcile this, bring plans, drawings, the license number and permit number with you to make sure you show you are doing it all within the city regs too so they can get you back online.
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4 October 2024 | 6 replies
FHA loans are required for each property, and refinancing is essential for future purchases.
4 October 2024 | 26 replies
@Jill Hutsonthree reasons why apartments don't rent: Condition, Price, and Marketing, and a fourth can be the leasing agent, although I would tend to lump that into marketing.If the house is in good shape, and you're on all the platforms marketing it, then it's a function of price.There has been an oversupply of new inventory coming on line in many markets, and that's why rents have dropped in a lot of the metros.Unfortunately, it appears you have a pricing issue and you may have to start reducing the price, or throwing in some type of concessionGood luckGino
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4 October 2024 | 11 replies
I am already searching on line for more information on neighborhood classes in my area.
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26 September 2024 | 3 replies
Is there a DSCR loan available for refinancing self-storage properties in the $700,000 to $1 million range with a reasonable interest rate of 6.5% to 8%, or are DSCR loans only for residential investments?
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1 October 2024 | 8 replies
Traditional banks , online lenders or?
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2 October 2024 | 2 replies
Also, check out online reviews to see what other landlords and tenants say about their services.
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2 October 2024 | 13 replies
You should utilize resources like BiggerPockets, build a team, and use online platforms to find potential properties.