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19 March 2024 | 12 replies
I stand by my posts on that thread.
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19 March 2024 | 18 replies
Partner with a local winery or spa to cross promote and crate an experience that has you standing out in your market.
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17 March 2024 | 0 replies
Our astute clients, armed with 30% investment into the property, are gearing up to transform these units into coveted condos.
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18 March 2024 | 24 replies
Find a new real estate agent and understand the angle they come with-- and be prepared to stand firm.
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19 March 2024 | 323 replies
They aren't geared towards selling or making their owners rich -- they are geared towards breaking even on costs and providing tremendous value.If you're in the Baltimore area, I can definitely recommend a few.
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18 March 2024 | 16 replies
It doesn't always come off that way, so do this and you'll stand out!
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19 March 2024 | 46 replies
The first time we called them out to fix our bathroom faucet I got a bad feeling because after waiting eight hours for the plumber, he shows up, stands in the hallway and takes a photograph of the sink and faucet and walks out the front door?!?
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17 March 2024 | 17 replies
the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!
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17 March 2024 | 20 replies
It stands for Buy, Rehab, Rent, Refinance, Repeat.
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17 March 2024 | 15 replies
It's us warriors that can weather the storm that will be left standing.