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16 January 2025 | 2 replies
Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?
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3 February 2025 | 56 replies
My 46 years in the real property investment field has taught me that almost all wealth in real estate is accumulated through price appreciation of the subject property owned and amortization of the associated mortgage note(s).
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14 February 2025 | 43 replies
I believe there a number of bpers in the millionaire group associated with M1too including Brandon and David the podcast hosts.
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9 January 2025 | 46 replies
Sometimes with a significant delay.In July we were prompted to answer a feedback survey.
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17 January 2025 | 11 replies
While your partner accepts more of the cash from the sale of the FFE and the associated tax bill.This might take some accountant massaging.
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9 February 2025 | 32 replies
I had to take 30 minutes out of my day to describe how their filter was filtering out all phone numbers associated with a contact if one of the phone numbers in the contact was DNC.
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23 January 2025 | 39 replies
I think the moral to the story is always do your own research & utilize places like your local real estate investor associations where there’s a wealth of knowledge for free, without the costs associated with a program like this.
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9 February 2025 | 173 replies
When Memphis Invest teamed with BiggerPockets in 2012 to survey real estate investors nationwide, the results were overwhelming that most investors bought property passively.
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21 February 2025 | 182 replies
Just for the record I bought my property in Ocala in 2017 for about $145k (3/2) and it had survived 2 hurricanes, appreciated $100k+ and has rented very well so she wasn’t remotely close to being correct. fast forward a year or two later and I got an email that Wagner had split from Jean and “borrowed” all her contacts and they are no longer associated with anything he markets.
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20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.