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7 October 2024 | 2 replies
., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.
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8 October 2024 | 4 replies
Here's what I’m targeting:Investment Criteria:Unemployment rates below the national average.Rent-to-price (RTP) ratio of 0.60 or higher.Median home prices below $150,000.Growing population and areas where rents are stable or increasing.Key Questions:Which markets have you found to be ideal for first-time investors?
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10 October 2024 | 16 replies
What they do is offer a policy to the underwriter of the title insurance company.Is this the best route, or should I hire an attorney to get a quiet title?
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4 October 2024 | 6 replies
I will be getting landlord insurance.
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11 October 2024 | 14 replies
Consider that when you decide on timing to buy and affordability, as well as the insurance costs and flood risk in South Florida.
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10 October 2024 | 31 replies
I’m also at a life stage, where I’d prefer to just live with my partner and not rent out individual rooms in my unit.When I move out, the rental income would sometimes just barely cover the mortgage and taxes (usually not even insurance).
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9 October 2024 | 2 replies
All are personally owned with insurance, but no LLCs or other legal structure.
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4 October 2024 | 8 replies
Behind that insurance can be an umbrella policy.
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10 October 2024 | 10 replies
For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.
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8 October 2024 | 2 replies
If a quit claim deed was used to transfer title in a normal sale one just wants to make sure the chain of title seems clear and that the owner issuing that deed had clear ownership.This is why we have title searches done and pay for title insurance to research these sorts of things and to protect us against the oddball unforeseeable circumstances.