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28 June 2024 | 5 replies
I have seen quite a few CRE platforms (Loopnet, Reonomy, Crexi etc.) and all have horrible ratings with the Better Business Bureau.What does everyone here use as a reliable source of info to prospect and be able to do due diligence?
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28 June 2024 | 4 replies
Consulting with an immigration attorney is essential to navigate this process correctly.There are plenty of alternative ways to start investing that take very little work.
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28 June 2024 | 3 replies
In addition to the workmanship, you want to work with someone who is good at managing time, people and his relationship with you, his client :-) We are actually building out a network of approved contractors because one of the biggest pain points investors and landlords face in Philly is finding reliable solutions.
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28 June 2024 | 3 replies
If you're new to property auctions, you might also consider consulting with a real estate agent or attorney experienced in auctions to guide you through the process.
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29 June 2024 | 8 replies
A quality local RE Broker/Agent in tandem with a reliable contractors should be able to help you with full analysis of post rehab value.
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29 June 2024 | 10 replies
Consulting with financial and legal experts ensures that both the sale and the subsequent purchase align with legal requirements and your personal financial goals.
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27 June 2024 | 12 replies
I would consult with a local real estate attorney on the scenario and what the risks are
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27 June 2024 | 3 replies
Hire a Reliable Real Estate Agent (you!)
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25 June 2024 | 8 replies
Always consult with your attorney before you rely on the above information.
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27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.