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29 November 2024 | 11 replies
I would start here: Get a Real Estate License in Illinois - Illinois REALTORS - You need to take a 75 hour course and then pass the state and national exam...shouldn't be a problem for you!
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2 December 2024 | 2 replies
In most states, foreclosures can be very risky:1) They are often occupied and you can't approach the occupants to see the interior.
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29 November 2024 | 1 reply
Anyone have a purchase agreement contract for the state of Mew Jeresy that they are willing to share?
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29 November 2024 | 9 replies
there are definitely states that require MLO licensure to do any loan on a 1 to 4 unit.. about 15 states require it .. the others dont as you suggest.
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3 December 2024 | 7 replies
Check out online foreclosure auctions in your state too, it is a great place to check out any deals.
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28 November 2024 | 5 replies
Because you state your goal is to prevent liability I don’t think the LLC will do you any good.
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30 November 2024 | 2 replies
I have a lot of construction experience and a electrician helper's license in the state of Maine.
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2 December 2024 | 14 replies
I started investing locally and have kept expanding after moving out of state, so I’ve got experience navigating the challenges that come with investing from a distance too.Detroit has its challenges but also some of the best potential for cash flow combined with affordable entry points.
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6 December 2024 | 21 replies
I've been going to local RE meet ups and talked to other investors who have used many different strategies: out of state, syndications, NNN (triple net), commercial, AirBnbs, mid term rentals, co-ownership, house hacking, etc.
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30 November 2024 | 4 replies
Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).