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31 July 2024 | 13 replies
@David Spangenthal They have an interesting business model for sure...and if it works for you and you are comfortable with it, then go for it.
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31 July 2024 | 19 replies
In truth I have found appraisers holding the MAI designation to provide more accurate and more unbiased appraisals than appraisers who are not Appraisal Institute members.
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1 August 2024 | 12 replies
From what I have researched, people tend to like renting by the room if they get a private/designated bathroom with their room.
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31 July 2024 | 4 replies
Those are probably the biggest pieces, the rest is talking to other investors, surround yourself with these folks, build the relationships, run the numbers, get comfortable with the numbers, and start writing offers.
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31 July 2024 | 6 replies
Once you're comfortable, then you can dive into value-add opportunities or the BRRRR strategy.
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31 July 2024 | 1 reply
You are already losing money on it so you should either cut your losses and sell or be comfortable losing money on a monthly basis with the expectation to make it up on the sale down the road (see you're in FL so you might need to wait a few years).
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3 August 2024 | 28 replies
If cost is a big factor which I completely understand during these times, then search around but know finding that real estate-friendly accountant that is in the $1,300 (depending on your situation) range and having a good relationship with them might be difficult to find.Lastly, ask her if additional services come with that price. 99% of the time the answer is no, but some firms offer free mid-year calls or check-ins for being a tax preparation client.If you're comfortable reaching out to remote firms contact anyone here in the forums.
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1 August 2024 | 19 replies
Obviously if you don’t feel comfortable doing it yourself then don't, but it’s a pretty easy process and there are tens of thousands of reviews of people who have also successfully done it.
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2 August 2024 | 15 replies
Typically coastal communities in California are much much more expensive than inland communities. 2) Your own budget: What can you afford, and how crowded are you comfortable living?
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31 July 2024 | 8 replies
They're designed for owner occupants but could be something in which you occupied for a duration of time and then converted to a pure investment later.