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19 March 2024 | 21 replies
He sold his tax return part of his practice to Gina Crosby.
18 March 2024 | 3 replies
Insights, networking possibilities, and mentorship may be obtained from this practical experience.Remain Proactive: It takes time and effort to build a network, so be proactive and persistent in your networking endeavors.
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19 March 2024 | 12 replies
Some of the things you can use are things you already said, past practices, did you list them for rent?
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18 March 2024 | 3 replies
Our current rent is $2600 I want to offer to pay $3000 for as long as she wants 1-15 years and then pay $600k My main question is whether that type of structure of offer makes sense legally or technically or practically.
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18 March 2024 | 5 replies
. $1 vs $0 is practically the same thing for real life purposes.
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19 March 2024 | 11 replies
They are not strict with tenants, they buy properties in tenant-friendly states/counties, and son on.I would bet you that if one of your RE 'friends' would come on here and show us their business practices, we would see a poorly run business.Anyway, never listen to the naysayers, it sounds like you are set up well and you're on this forum, which gives you a huge advantage.
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18 March 2024 | 2 replies
This practical experience can offer insightful information, networking possibilities, and mentoring.Attend Workshops or Seminars on Real Estate: Seek out workshops, seminars, or educational events on real estate that are being held by nearby organizations or investing clubs.
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22 March 2024 | 88 replies
Here are some situations where it might make sense, along with considerations for how long one might wait for the situation to improve and what margins might be acceptable for a flip:Expectation of Significant AppreciationStrategic Value or Unique OpportunitiesMarket Rents Expected to IncreaseFix-and-Flip with No Rental StrategyConsiderations Before Buying with Negative Cash Flow:Financial Resilience: Make sure you have enough cash on hand to meet the shortfall without endangering your overall financial situation.exit Strategies: Establish practical, well-defined exit strategies.
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18 March 2024 | 14 replies
If you want to protect your friend's capital as if it were your own, you'd want to:1) Secure the loan with real estate in the form of a deed of trust or mortgage (depending on the state the property is in)2) Obtain property insurance binder with your lender as an additional insured3) Obtain a lender's title insurance policy protecting them (different than an owner's policy) and transfer all funds through an escrow closer or real estate attorney (depending on the state, the requirements for closing may differ)4) Use a real estate attorney who also practices private lender law in the state the property is located in.
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16 March 2024 | 12 replies
I've only ever done rehabs (with some so extreme that they were practically new construction!)