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5 January 2025 | 18 replies
There are certain areas of KC that play more towards appreciation and there are off market deals that generate good cash flow and appreciation.
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25 December 2024 | 12 replies
Unprecedented levels of investment in private and public projects have made Kansas City a major entertainment and employment hub.The Kansas City economy is diverse with numerous employment opportunities and a growing population.
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31 December 2024 | 13 replies
In other words, FB marketplace cast offs won't be the best fit unless you're lucky enough to come by some Pottery Barn or West Elm or brands like that.
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4 January 2025 | 35 replies
I'm sure there are great, stable areas in Columbus but I'm not convinced the appreciation has been as strong as most would lead you to believe.I don't know much about Cincinnati, but one glance at the median list price over the past 5 years (attached below) would be enough for me to write it off as not appreciating.I'm personally partial to Detroit and that's where I invest and do a lot of business with other folks as well.
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31 December 2024 | 11 replies
@Dwayne RoweWe did a consolidation loan through a commercial banker (basically a multi-property DSCR loan) where we took out one loan that paid off 5 higher interest rate properties, and took out cash as well at the same time.
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30 December 2024 | 1 reply
Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?
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30 December 2024 | 3 replies
Quote from @Meliisa Lee: I recommend splitting the properties or selling them off and splitting the proceeds.
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30 December 2024 | 0 replies
In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes (shown in blue in the chart below):And that’s a big deal.
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2 January 2025 | 10 replies
I recommend focusing on one business and becoming an expert before branching off into others.
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28 December 2024 | 11 replies
I don't think the estate was being decietful, but their dearly departed originally di have 8 acres but sold off parts along the way resulting in a net of 1.8 acres.