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6 November 2024 | 22 replies
We are far and away the most successful operator in one of my markets.
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5 November 2024 | 34 replies
Hey @Scott Meech - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.
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3 November 2024 | 24 replies
no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes to get through it successfully. note I’m also utilizing first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.
5 November 2024 | 14 replies
But, again, if you friends in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.
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1 November 2024 | 4 replies
Here’s to a successful start on your real estate journey!
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1 November 2024 | 4 replies
The only thing holding me back is talking to someone who has completed the course and is successfully making a career out of it a few years down the road.
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1 November 2024 | 14 replies
As you build a track record of successful flips/rehabs, you'll typically qualify for better terms, like higher leverage/reduced down payments.
1 November 2024 | 11 replies
Quote from @Ran Fridman: Hi, I'm Ran Fridman, I am a Property Manager in Indiana, Wisconsin and Illinois, for many successful years of servicing Happy Landlords and Tenants.
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8 November 2024 | 22 replies
@Mike H. thanks for sharing, and congratulations on a very successful ~15 years of real estate investing.
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31 October 2024 | 0 replies
Leads that meet these criteria don’t come by easily.Has anyone here had success in solving this problem?