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4 December 2024 | 31 replies
Also, if you go into the BRRR strategy to add more properties faster, every time you get rent and make a payment, you’d still be paying off the loan which is increasing your equity so it’s like a savings account that builds itself.
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4 December 2024 | 3 replies
Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.
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5 December 2024 | 10 replies
absolutely... but be careful... be smart in what you invest in... trust me my friend https://www.biggerpockets.com/...take warning ... be smart... be vigilant
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5 December 2024 | 20 replies
Replacing small items such as those can often times build trust and keep your tenants happy.
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5 December 2024 | 2 replies
Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.
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3 December 2024 | 8 replies
Turn-key would likely be the smoothest, but I am open to a fixer upper if the numbers work.As far as the unique funding, I am an equities investor with accounts held in trust and therefore my taxed income is quite low which limits my options unless I opt for a portfolio loan or separate entirely through a DSCR loan.
5 December 2024 | 11 replies
Account ClosedEven with high interest rates, lots of folks investing or buying homes do well with FHA loans because of small down payments and good loan terms.
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5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
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4 December 2024 | 4 replies
Been with them 8 years, they've never missed a payment and they give detailed quarterly status reports.
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5 December 2024 | 5 replies
Hi @Rene Hosman -In a nutshell, I find motivated sellers and tenants with damaged credit (or ones without a large enough down payment) and work to put the tenants in the seller's house with an option to buy.