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26 December 2024 | 7 replies
I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?
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30 January 2025 | 45 replies
This economic cycle is particularly detrimental to the lower middle class and is contributing the slow housing market.
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8 February 2025 | 55 replies
Or you can meet in the middle and increase income by $2,500 and decrease spending by $2,500.Investing in real estate will not increase your income in the short term.
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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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25 December 2024 | 12 replies
The river originates in the Rocky Mountains and flows east and south for 2,341 miles before entering the Mississippi River north of St.
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26 December 2024 | 13 replies
I want to refurbish the entire house, including a complete kitchen and baths renovation, add an addition on the east side, new roof and siding, new flooring everywhere, paint inside and out"Then ask the GC to go over and put this into a more formal document.
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27 December 2024 | 16 replies
A wholesaler wants to pay you THE ABSOLUTE LEAST you will take in hopes they can find a buyer who will pay MUCH MUCH more and make as much as possible in the middle.
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20 December 2024 | 2 replies
I would go middle of the road on efficiency if the tenants pay heat.
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19 January 2025 | 147 replies
“Our biggest city is Philadelphia, where we happen to have our longest-running, best team,” Mendenhall said on Woods’ podcast.Since their first recorded Philadelphia acquisition in July 2016, RAD and three other funds Mendenhall leads — DHI Holdings LP, DHI Fund LP, and DDH Fund LP — paid a total of more than $5.8 million for at least 96 properties in the city, most of them in struggling neighborhoods such as Parkside in West Philadelphia and East Germantown in the city’s northwest.Before 2020, all but four of the Philadelphia properties were bought at sheriff’s sales, records show.
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24 December 2024 | 24 replies
Therefore, I want a partner because I have had success in multiple markets in the south, west, and east to help with those expenses so I can help more sellers.Can you share more information about private lenders or what strategy may be optimal?