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19 November 2024 | 6 replies
I had no trouble filling my rooms and the house appreciated for $10K over purchase price, the tenants are paying utilities.
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21 November 2024 | 12 replies
Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.
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16 November 2024 | 3 replies
Power Washing: Once a year or as needed, typically the owner's cost unless caused by tenant dirt.6.
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20 November 2024 | 4 replies
I have been telling my sons to utilize that!
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20 November 2024 | 11 replies
After 3 years of ownership, I typically see my buyers achieve 9-10% cash on cash return with an annual appreciation rate of 9-11% a year in those areas.
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19 November 2024 | 14 replies
Monthly Expenses: I’m accounting for rent, utilities, and cleaning supplies, but are there other hidden costs I should consider?
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20 November 2024 | 4 replies
I typically recommend that my investors start with more cosmetic flips that can be done in 3 weeks to 2 months to build the capital for bigger rehabs that have more equity.
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19 November 2024 | 11 replies
You can utilize hard money for a BRRR or flip to get into the game.
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20 November 2024 | 5 replies
Just ensure this is clearly outlined in your assignment agreement.But in my experience, typically the wholesaler submits the EMD with the PSA to the title company for escrow.
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27 November 2024 | 48 replies
BRRRR is typically more expensive, requires more people (contractors, etc.), but will allow you to build equity up front & potentially refi should rates decrease.