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6 October 2024 | 1 reply
These moves could spur further economic growth in the area, create jobs, and possibly attract more tech investments, all of which could have ripple effects on commercial real estate and local housing markets.For investors, this development could present opportunities in both residential and commercial real estate, especially with the potential influx of new employees and businesses to support these expanding operations.
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8 October 2024 | 14 replies
They'd be a partner and help provide solutions to operational challenges when scaling, we'd bring tech in like Breezeway for scheduling, give them a company card with spend limits to buy supplies, they even ended up landing a deal with a local laundromat to wash and fold there after-hours to make their lives and ours easier.Truly a win-win.
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7 October 2024 | 7 replies
Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).
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5 October 2024 | 9 replies
For some context I'm hoping to invest immediately when I begin working (1 year from now), and am alright with moving whenever there is a better opportunity for my job/RE investing.Can always count on the BP community to give great advice, so I'm looking forward to everyone's perspectives on a slightly large life decision of mine!
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6 October 2024 | 33 replies
Ok here is the thing Darnell, for private lending we weight ~40% on the property "deal" itself, and 60% on the Operator themself; if they know what there doing, can they pull it off, do they have the "chops" for it, are they contingency ready, etc etc..
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3 October 2024 | 17 replies
I went to Memphis a couple of weeks ago to visit with Kenny Shaw and some of his people and they showed me some of their projects in progress and gave a rundown on mine.
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5 October 2024 | 1 reply
Hi Samuel,When considering how to pay off a loan faster, both methods you've mentioned—making a large principal payment at the end of each year versus bi-weekly payments—can be effective, but they operate differently.Large Principal Payments: Making a large payment once a year can significantly reduce your principal, leading to lower interest costs over the life of the loan.
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5 October 2024 | 9 replies
If the opportunities are limited and cash is plentiful, pay down debt, increase rents and make everything operate better.
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4 October 2024 | 9 replies
Just buy your first rental as a house hack to get your foot in the door and get some operational experience owning/ operating Multi-family.
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4 October 2024 | 8 replies
Hello BP,I'm wondering if any experienced operators out there can shed some light on best practices.