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28 March 2019 | 3 replies
The basic process for reimbursement is:1) I request a draw for a certain amount and specify which items were completed.2) LimaOne sends out an inspector to ensure the work was completed.3) I receive the funds after ~3-4 business days.The problem with this model is that it doesn’t actually enable me to pay the contractors in a timely manner — the money is essentially inaccessible to me, so the end result is me paying for a high interest loan on funds I can’t functionally use while I fund the rehab out of pocket anyway.
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31 March 2019 | 4 replies
I know this other wild and crazy bartender/radio host/musician.
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5 April 2019 | 26 replies
My investments have changed my life, changed the lives of friends and family, and they are enabling me to do what I love.
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10 April 2019 | 9 replies
My biggest concern is that I did not start investing to go into property management, so if I did start something, I'd want to do it in a way that creates synergy and enables me to maintain focus on why I'm in real estate in the first place.
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5 April 2019 | 10 replies
At the moment I do not qualify for bank financing because I do not have two years of provable income (I'm a musician).
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5 April 2019 | 1 reply
However, for those who currently own, this increase in valuation is enabling those investors unprecedented opportunities to take advantage of either expanding their portfolios by tapping into the new equity of their existing investments, or selling at a significant profit and 1031 into a larger asset, hence capitalizing on economies of scale.That being the case and all things being equal, how should the asset valuation be determined?
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15 April 2019 | 3 replies
Quit claim deed your property to the LLC (but call your lender first to make sure they’re not going to enable the due on sale clause with your mortgage).
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1 May 2019 | 8 replies
We definitely stumbled into the STRs by accident, but it's enabled us to completely change our lifestyle, allow us both to quit our full time jobs, and given us the cash flow to by other long term investments.
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26 February 2019 | 2 replies
That may not be obvious to non-tech folks, but you could simply draw some arrows on the edge with a permanent marker.I keep it set on "ECO" mode when no one is there and I also set up a schedule which gets enabled as soon as someone twists the dial which takes it out of ECO mode.
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25 February 2019 | 1 reply
My first book was Miracle Morning by Hal Elrod so I would start there because it gives a great framework to schedule your life by which will enable you to read more books.