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23 December 2024 | 13 replies
Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.
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26 December 2024 | 2 replies
It’s easy to get caught up in the excitement of a potential deal, but skipping this step can lead to costly mistakes.Getting your real estate license is also a solid strategy just realize once you have a license wholesaling may not be in the cards as its a very gray area.Lastly, since you're planning to buy properties for yourself in 2026, start laying the groundwork now.
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27 December 2024 | 27 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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24 December 2024 | 6 replies
Here is an intro to depreciation: https://www.biggerpockets.com/forums/51/topics/1121063-expla...Cost segregation.
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24 December 2024 | 8 replies
Learn how to cost-efficiently furnish everything for the space, and take a risk on MTR.
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26 December 2024 | 3 replies
Speculative investors might face higher carrying costs for undeveloped land or projects.
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24 December 2024 | 1 reply
That' a very costly mistake.
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24 December 2024 | 6 replies
Rising interest rates, slim margins, and unexpected costs can kill a deal fast.
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23 December 2024 | 9 replies
•Tenants demand prompt, high-quality service and without caring about cost •Vendors seek to earn as much compensation for their work as possible.Balancing these needs requires thoughtful stewardship, strong communication, and a commitment to fairness.