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11 February 2025 | 7 replies
They might be willing to give different terms especially to a high net worth person that they can likely make money on cross selling.
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21 February 2025 | 2 replies
I will actually be up in NYC in April so we could also connect in person before you come down.
24 February 2025 | 12 replies
Add calendars so my investments are separate from personal but make it better.
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21 February 2025 | 10 replies
I personally like the BRRRR strategy - it's not easy to pull off but it's simple and it works in theory.Â
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24 February 2025 | 8 replies
Quote from @Quinzel Waiters:I would just keep looking and follow up with the person.
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27 February 2025 | 3 replies
RE investing has been something I wanted to do personally.
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27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!
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24 February 2025 | 11 replies
Was it real property or personal property?
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28 February 2025 | 14 replies
A smart, hard working person could use this info to avoid many costly mistakes and near replicate the process.Â
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24 February 2025 | 5 replies
Foreclosures force the owner to sell because missed payments, probate forces heirs to sell a family members home, liens ultimately force a person to sell there homes to pay what they owe in tax/fines etc.