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7 October 2024 | 9 replies
Average home prices I’ve seen are anywhere for 800 to 1 million for a home his size but in more updated shape.
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7 October 2024 | 2 replies
The benefit to the seller is that they get 0% down deals with lower than average interest rates for commercial deals (Seller carrying 25-50% note at negotiated 0% interest) and have theoretically infinite returns with 0% down.
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7 October 2024 | 4 replies
Deeper Dive into Rental Demand:Here are a few alternative ways to gauge rental demand:Local Property Managers: Reach out to property managers in the area for insights on vacancy rates, tenant demand, and how long it typically takes to rent similar properties.Vacancy Rates: Research the average vacancy rates in that zipcode through local real estate reports or rental listing platforms like Zumper or Rentometer.Rent Growth Trends: Check whether rents have been rising, stagnating, or falling in that market over the past few years.
4 October 2024 | 26 replies
By offering a BETTER value proposition at a lower than average price a tenant is VERY hard pressed to have a motivation to move and to be able to find a comparable property for similar rent.
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7 October 2024 | 16 replies
Based on previous deals through this wholesaler I can average out wholesaler normal up charge percentage.
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6 October 2024 | 1 reply
Networking also plays a vital role; connecting with other investors, real estate agents, and industry experts can provide valuable insights and open doors to new opportunities.
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6 October 2024 | 1 reply
This can yield high returns but comes with more complexity, like managing operations, employees, and industry-specific risks.
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7 October 2024 | 6 replies
There is a level of participate required when you buy a business and a piece of property.While it always depends, on average, acquiring a business will normally require more work.
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7 October 2024 | 3 replies
Traditional lenders in this industry won't fund you on a purchase of a SFH that has leases for rooms and the building will need to be in your LLC name which means a primary bank won't lend you either cause of that and cause of your employment status.You have a real chance to start.
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9 October 2024 | 28 replies
We don't drain after every guest (average stay is 2 nights) but we usually do at least once a week or if it shows any signs of bad quality water.