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31 December 2024 | 5 replies
Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.
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4 January 2025 | 14 replies
But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need, combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.
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26 January 2025 | 48 replies
I am in the same struggle though and spend way too much time on Zillow searching through my buy box but I am finally becoming more efficient with my searches from just repetition mainly.
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11 January 2025 | 420 replies
.#2 "all in one" loan which promises to be seamless and efficient with HUGE bonus of being a GIANT line of credit and a checking account all rolled into one.www.aiosim.comI'm planning to do plan #2 in the next month.
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12 January 2025 | 20 replies
I would generally agree that managing more units under one roof does create some efficiencies.
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5 February 2025 | 56 replies
Focusing on just a few markets gives you efficiency at scale with your team and process.
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11 January 2025 | 12 replies
My updated expected monthly rental income will be $2,800, resulting in a cash flow of $795 per month (excluding my share of the split utilities).I plan to set aside at least 80% of my cash flow for property-related expenses.Additionally, I’ll be installing keypads and security cameras for enhanced safety and operational efficiency.
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26 December 2024 | 3 replies
Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).
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23 December 2024 | 3 replies
The most tax efficient way to fix and flip a home you plan to live in would be to live in the home for 2 years as your primary residence.
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26 January 2025 | 54 replies
The key question, especially as a finance guy, to ask "Can I deploy that same $15k more efficiently to and get a better result?"