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23 October 2024 | 13 replies
@Kala SamuelTo start investing in real estate, define your goals and strategy, choose a market with job growth, population growth, and rental demand, finance your first deal with FHA Loan, conventional Loan, or Hard Money Loans, find the right property, build a support team, make offers, inspect the property thoroughly, and manage wisely.
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24 October 2024 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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16 October 2024 | 1 reply
I've been researching companies that have a business plan around crowdfunding, such as Fundrise, Realtymogul, and Arrived. Are there listings easy to recreate? I know there is a lot of regulation surrounding their lis...
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23 October 2024 | 16 replies
Then the Disney area may be a good fit.But if you watched some youtube channel with someone, who seems to get a deceitfully large percentage of their info from selling courses, preaching the dream of massive upfront cashflow that you can then leverage into another down payment next year and so on while exponentially increasing your wealth so you can quit your job and live on the beach in Aruba, Disney is the wrong market for you unless you're willing to invest substantially into super tippy top end theming.The good news if you're in the former camp is that prices have come down quite a bit here compared to most of the country with all of the saturation/competion.
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21 October 2024 | 28 replies
Go do the job yourself, go find a market and find a house.
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22 October 2024 | 4 replies
I just turned 18 a few months ago and while I have a 9-5 job, this is not something I want to have to do the rest of my life.
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22 October 2024 | 8 replies
It is the intention to live there, but if something comes up i.e. neighborhood troubles, job placement, additional family member, etc. then there isn't an issue.