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20 January 2025 | 0 replies
The biggest challenge we faced is the property's proximity to a railroad, which has proven to be an impediment to the sale.
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30 January 2025 | 10 replies
David, Send us a Private Message and we can schedule a call to see if you fit the group.
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19 January 2025 | 2 replies
My biggest client today is a seller I didn’t even represent during his sale of a 24-unit building—he had another agent.
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28 January 2025 | 10 replies
It'll be my first property and my biggest hurdle is analyzing deals.
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7 February 2025 | 31 replies
Originally posted by @Jenna Waites:I know this thread is a few months old, but just FYI for anyone finding this considering Resimpli, the biggest issue I see with them is that their report options are TERRIBLE and they offer 0 customization to the metrics they do provide.On top of that they are a completely closed system so you can not pull your data out in any way to create useful reports or integrate with any other system.
6 January 2025 | 1 reply
Some investors use conventional loans, while others use private lenders, hard money loans, or partnerships.
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29 January 2025 | 9 replies
When my business partner and I were still flipping we bought a couple through Auction.com and we always used a private money lender to fund those and our other flips.
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8 January 2025 | 11 replies
Once it’s set up, though, payments tend to come like clockwork, which is one of the biggest perks.That said, it's important to remember that rent isn’t necessarily guaranteed forever like a lot of folks assume.
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23 January 2025 | 7 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
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17 January 2025 | 6 replies
@Tamika Davis One of the biggest advantages of most software on the market is to complete these tasks you mention (maintenance, leases, rent collection, etc).