1 October 2024 | 10 replies
I don't think you are in a position to buy anything at the moment.
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2 October 2024 | 5 replies
This creates a potential passive stream of income and a way to extend the lifespan of your coaching investment which seems awesome for your business model.Example: Ryan Serhant, advocates profit sharing (equity stakes) in deals that his coaches help close which takes you from coach to partner, and a model proven successful.Client View: Positioning yourself as a partner to their operation is a way for the client to understand your investment in their outcomes outside of the dollar signs involved, and shows them that you are coaching them in a way that provides long term success.
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1 October 2024 | 12 replies
@James Mc Ree a benefit I was going for was to increase revenue in the LLC, to better position it for funding the next LTR.
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29 September 2024 | 12 replies
With an ARV of $400-425k and an LTV of ~62%, pulling out your initial investment while maintaining positive cash flow around $500 per month sounds like a good strategy.
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30 September 2024 | 8 replies
Good to hear positive PadSplit stories.
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1 October 2024 | 14 replies
You used to be able to buy rent-ready homes and they'd have at least some net positive cash flow.
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30 September 2024 | 1 reply
With your construction background and the extra time your day job gives you, you're in a great position to dive into real estate investing.
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30 September 2024 | 1 reply
I look forward to sharing insights, learning from your experiences, and contributing positively to our community.Thank you for welcoming me into this forum!
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2 October 2024 | 16 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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1 October 2024 | 3 replies
I am already seeing positive signs including far better dialogue between the building trades and local government.