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16 October 2024 | 5 replies
You can inquire with local banks or community development financial institutions (CDFIs) about CIP and other similar programs.2.
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23 October 2024 | 22 replies
You will know and get to know the market better, plus you will start to develop local connections which can help.
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18 October 2024 | 12 replies
It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-teamThanks so much for the warm welcome Samuel and for sharing that resource!
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14 October 2024 | 19 replies
For rents to increase faster than inflation, there must be significant and sustained population growth.Sufficient income to replace your current income: This will require multiple properties.
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15 October 2024 | 9 replies
Mesa and Gilbert are growing rapidly due to strong population influx and economic stability, making them particularly attractive for long-term investments.Why Mesa or Gilbert?
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17 October 2024 | 5 replies
This will simplify later management and development if that becomes a possibility.I would also then recommend a 3rd LLC that is a management entity for the property.
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15 October 2024 | 6 replies
FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% You are looking at S8 because you naively think it will solve all your tenant problems.NOT TRUE!
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16 October 2024 | 11 replies
Anyway I can only imagine this market will burst once rates drop as we've appreciated 10% YoY on "higher" interest rate environment.My 2 cents on your acquisition: Miami and Broward have many upcoming developments and it helps to know where they are being developed, as we all know, location is #1 and it helps being in the path of progression and gentrification.
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16 October 2024 | 16 replies
However, this area does have a growing population adjacent and high forecasted median income growth.
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14 October 2024 | 8 replies
Then eliminate areas you cannot or do not want to invest in and develop your strategy.