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21 October 2024 | 11 replies
@Jim PfeiferI think those of us that have made the mistake see the importance of a good sponsor, but also taking into consideration our investor goals.Passive investors NEED to learn the business of investing in real estate, and have to approach it as if they would be managing the deal themselves actively.That means there needs to be work done on the front end, like underwriting, selecting a market, understanding buy right criteria, etc.You can't just focus on a good sponsor, and pray things work out.
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22 October 2024 | 17 replies
I have learned a ton on these forums though I’m posting for the first time.what does not get mentioned enough is that if you want to scale slowly using low money down FHA/conventional loan approach and live in there for 1 year, at a time, you should not write off all the rental income on your most recent tax returns for the existing rental properties.
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18 October 2024 | 29 replies
I assume most people are able to see through the pickiness of a couple high maintenance people when the rest of the reviews are stellar.But lately I've been wondering if I should reply to these reviews and what the best approach is.
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19 October 2024 | 4 replies
Could you recommend any resources or provide advice on the best way to approach this?
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20 October 2024 | 32 replies
That's a handsome return for a pretty passive approach.
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24 October 2024 | 139 replies
You'll end up dealing with bush league contractors if you approach things this way IMO.
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20 October 2024 | 7 replies
I don't think it's a bad approach for passive investing—you could get it down to just an hour or so of work.
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19 October 2024 | 2 replies
The episode dropped recently on the BiggerPockets Real Estate Podcast and goes into how these design elements can give your property a competitive edge.If you’re working on a project or investment in Arizona and want some insight on how to approach renovations to maximize value, feel free to reach out.
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25 October 2024 | 33 replies
After doing it for 7 months I realized that the problem wasn't my approach or the letter itself it was more the competition in my market.
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18 October 2024 | 4 replies
TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.