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27 January 2025 | 29 replies
Otherwise, broker classes that lead to a real license are cheap.If you want to become a real broker, earn a real license.
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23 January 2025 | 15 replies
It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.
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15 January 2025 | 3 replies
Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.
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8 January 2025 | 11 replies
If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment.
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19 January 2025 | 1 reply
It’s risky but can lead to significant returns!
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7 February 2025 | 7 replies
In my case, flood insurance was under $1800/yr and for the numbers made complete sense for me as a good deal with that added cost.4) Flood zone AE does not directly impact resale value, but can reduce the number of buyers considering your property which can lead to slower sale through time and potentially lower prices.
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7 February 2025 | 10 replies
As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year.
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6 February 2025 | 10 replies
Repetitively reading/hearing about something often leads to action, but make sure you don't get caught in the knowledge-gathering phase forever!
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21 January 2025 | 3 replies
Service disruptions can understandably lead to frustration.From my perspective in the self-directed IRA industry, effective communication and responsiveness during transitions are crucial to maintaining client trust.
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30 January 2025 | 8 replies
That might cause you unnecessary stress and lead to dropped balls for your clients.