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5 January 2025 | 5 replies
Getting one property and cashflowing it will be a challenge. you can try seller financing but you are still going to be highly levered which just enhances the risk that you are taking on.The best way to grow is to focus on managing your rental, saving money through your W2 and crushing that - if you are a realtor you will make more crushing it as being a realtor than over leveraging real estate - then save for down payment and buy slowly. its not a rush.
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1 January 2025 | 5 replies
Hi @Desiree Doubrox sounds like poor management.
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2 January 2025 | 37 replies
You need to know how to manage risk.
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4 January 2025 | 2 replies
“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc.
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4 January 2025 | 9 replies
I don't know the specifics of your state, but in Mississippi, my property manager has filled for garnishment for the amount of rent that is owed.
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3 January 2025 | 1 reply
It'll be easier to manage and you could have less frequent turnover.
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2 January 2025 | 18 replies
Also, I put stock in the fact that I can manage things well and that I try to operate above reproach.
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4 January 2025 | 19 replies
A PM is a professional in managing property, not plumbing.
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4 January 2025 | 16 replies
I’m particularly fascinated by how you navigated the Sacramento market and managed the rehab process.
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3 January 2025 | 0 replies
I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage.