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14 December 2024 | 42 replies
I'm not sure what i'd do afterwards, but by then i'd have a lot more financial freedom.
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30 November 2024 | 0 replies
This involves assessing the investor’s financial situation, investment strategy, and the specific projects they wish to undertake.
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4 December 2024 | 17 replies
I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.
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4 December 2024 | 15 replies
With your CPA background and audit experience, you already have a strong foundation for analyzing deals and understanding the financial side of real estate—a huge advantage as you dive into this new journey.
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4 December 2024 | 18 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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26 November 2024 | 2 replies
Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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5 December 2024 | 25 replies
Based in Miami, FL, they have a strong track record of successfully completing projects.
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5 December 2024 | 22 replies
It's hard to say without knowing more about your financial situation (not that you should post that on a public forum).
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3 December 2024 | 51 replies
I planned for it financially, but it's a headache for sure.
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2 December 2024 | 0 replies
On top of that, our STR management company now oversees more than 90 listings under the Cozy Co-Host banner.My wife and I have transitioned from the typical 9-to-5 grind to achieving financial freedom as business owners and real estate investors.