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13 September 2024 | 16 replies
S8 is good because you are "guaranteed" getting your rent every month, they are held to standards that normal tenants aren't, you can get way higher rent, and more.
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11 September 2024 | 7 replies
Most of the Housing Authorities offer classes for landlords.
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14 September 2024 | 26 replies
Great marketing can drive bookings even if your reviews aren't perfect.5.
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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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12 September 2024 | 6 replies
Buy a newer home if that is what you really want.For example, cast iron pipes that aren't leaking or about to leak don't need replacement.
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11 September 2024 | 8 replies
If it is later in the project, and most of the money is spent, well that is where reserves come in (hopefully those aren't blown through).If you have more time than money, you go in and do work that you would prefer to have hired (i.e. cut new beds and put down mulch yourself versus paying the landscapers...).
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14 September 2024 | 23 replies
I do think the seller is at risk on perceived cost however those costs aren’t real if appraised at sales price.
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12 September 2024 | 15 replies
That said, if you aren't looking in the midwest, you may have a hard time finding projects that fit your budget unless you're planning to mix in some financing.
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10 September 2024 | 14 replies
Each investor has to drill down on an area based on a lot of other metrics including things specific to each person.The mods aren't trying to stifle anything.
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7 September 2024 | 19 replies
but here's why.for example, in the article the author cites the low current birthrate... which - think about it - doesn't make any sense whatsoever.