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21 October 2024 | 2 replies
This simplifying approach slowed things down and in so doing sped up my progress.
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19 October 2024 | 10 replies
If you have commercial experience and are an excellent asset manager (managing the property manager, driving revenue, reducing expenses, managing GCs)You wont just provide value to a sponsorYou will be highly sought-after after by sponsorship groups.The ones worth their salt know how incredibly valuable a strong asset manager is (and how much work it takes)So if you can bring that skillset, I have a feeling it won't take long for you to find a sponsorship team.
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17 October 2024 | 0 replies
Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OHHey BiggerPockets Community,I wanted to take a moment to share an incredible experience I had working with Melissa Hudson, a realtor based in Cleveland, Ohio, who helped me sell my out-of-state investment property.
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21 October 2024 | 18 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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18 October 2024 | 2 replies
However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.
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21 October 2024 | 17 replies
Further, the property manager is counting on the MLS and other agents to bring prospects, which seems like a bit of a passive approach.
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18 October 2024 | 12 replies
You did an INCREDIBLE job on this home.
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21 October 2024 | 4 replies
It's great that you've been absorbing so much knowledge and are taking a strategic approach to getting started.
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20 October 2024 | 84 replies
If you are younger and seeking to rapidly build a cash flowing portfolio, if you are wanting to continue 1031'ing into bigger assets, or if you do not have the cash to take down entire deals without financing, leverage makes a LOT of sense.If you are retired (or rapidly approaching retirement with a level of uncertainty or concern about what your post-retirement income will look like), it could make sense to begin paying off properties so that you reach a point where your expected monthly cash flow will exceed what you need to live comfortably after retiring.
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19 October 2024 | 0 replies
Closing real estate deals in any economy requires flexibility, adaptability, and a variety of strategic approaches.