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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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8 July 2024 | 12 replies
So I will be leaning heavily on design to create a unique experience that can not be had at any hotel.
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10 July 2024 | 87 replies
Not really a need for the middle man dealer.And there's another trend, customers are really not into the whole haggling experience.
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10 July 2024 | 11 replies
Start by looking at the location, market trends, and property condition.
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12 July 2024 | 79 replies
@Alicia MarksHow about having an economic specialist covering some trends that we are likely to see continue, and ones we will not with the evolving lending & interest rates we are seeing?
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8 July 2024 | 42 replies
Their coaching is not cheap, but I think the thing that separates them from the one-time seminar gurus is that they offer a series of classes designed to deepen their student's knowledge so that they end up with a well-rounded education, versus what you can get (and retain) out of a single 3-day fact-filled seminar.
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8 July 2024 | 3 replies
Now, it is more targeted and has to be designed and run very intentionally.
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8 July 2024 | 35 replies
Next thing you know, the stock is trending up and you decide to invest in an F-150 to share your investment, so to speak, with your family.
8 July 2024 | 12 replies
VA loans are not designed to build a rental portfolio.
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8 July 2024 | 8 replies
.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.