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26 July 2022 | 25 replies
This is what I had in my notes: Plan A - buy STR more or less market ready via 1031 QI Plan B - buy and convert to STR - what I did 25+ times and called (in 2002-03) BFLR (Buy, Fix, Lease, Refi) and what people on BP now call BRRRSTRPlan C - revert to Mid-term rental (monthly or longer) if STR doesn't get tractionPlan D - Land Hacking - alternate income streams and value creation: RV pads; hunting/fishing rights; timber production, options, or sales; alternate marketsPlan F - Modified Homestead; value add from "local use dimensional lumber" in building, follow the Section 121 exclusion rules and reside in property 2 out of 5 yearsPlan D and F means this property failed as an investment.
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1 March 2021 | 32 replies
If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.
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5 March 2023 | 5 replies
A cool idea would be to get into virtual staging if you're skills are more on interior design.2) Content Creation: If you have past experience in multifamily real estate, you can start a blog or YouTube channel sharing your insights and expertise.
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8 June 2023 | 0 replies
Our target ZIP codes are population-weighted with high rentership and rental rates among our target demographic that include positive socioeconomic drivers including population growth, job creation, economic diversification, school quality, and proximity to modern conveniences.Targeted ZIP Codes (in preferential order):5541655124553435511355112
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2 April 2023 | 9 replies
A combination of short-term cash creation to invest in larger SMF for the cash-flow?
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12 June 2023 | 2 replies
Not actively investing in the Chicago market, while I'm sure that there are plenty of good opportunities there, the population surge in Colorado has been a tremendous lever for wealth creation..
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18 March 2016 | 10 replies
In the variable creation action, it won't let me choose field names from the original app; only the Seller Lead app.
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20 March 2022 | 13 replies
You might actually need the following lawyers:- Landlord / Tenant (if there is an issue in the future or to review your leases)- Small business (for LLC creation)- Real estate (to handle closing)Some lawyers can do all three tasks, others only one.
19 February 2020 | 4 replies
Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some tools also make it so that your tenants have additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).