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25 February 2023 | 10 replies
So yeah, technically doable but slim pickins and they will have to sacrifice something.
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1 November 2022 | 21 replies
Believe it or not the margins in Property Management are rather slim so if you won't be talking a sophisticated company with proven systems & experience in place into any discounts.
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18 February 2022 | 13 replies
Might cost a bit more but I know they type of work they do and it sounds like the options down there are pretty slim.
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18 October 2023 | 57 replies
I am lucky because he is banking on my success and focusing less on the volatility of the actual investment.I am not willing to let it go, because I am certain there is great potential for profits later, we just need to get over this hurdle, which while not completely unexpected, we had no notice to prepare.Margins on this property are very slim, so yes, with one unit vacant, we absolutely feel it.
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29 September 2023 | 195 replies
I split up the soft cost unevenly so I could get more back on the first build So on the second homeExpenses, 300k land+1.1M construction +30,000 land interest +40,000 soft costs +45 k transfer +180k construction Internet (I hope to get this down by getting a 12% loan from the bank having shown that I can pull this off already and the house will be pre sold) +50k management+101 closing cost net profit = 2,250,000-1,846,000 =404,000 NET PROFIT + 40K BACK IN SOFT +50K MANAGMENT+30 INTEREST AND I WALK AWAY WITH $524,000+$444,000 FROM THE FIRST HOSUETOTAL $968,000 There is something wrong with this math as my proforma shows me walking away with cloister to $750,000, I am writing this on the fly, so to not deceive lets stick to the math I did on excel , So when all is said and done I will walk away in the green plus my costs back and comes out with $750,000 give or take……compared to selling the lots at a loss and walking away with 250-300kSome may say 18% is absurd but to me, I am grateful for it because there was slim chances of me getting to this point and even more so, selling the lots would bankrupt me and make life hard on my father, so 18% is fine with me.I dont know if I ever mention this, but I bought this land and took this risk for the sole purpose of being able to pay my dads Line of Credit back in full and have 6 duplex,s 12 doors to show for it.
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7 February 2017 | 36 replies
Sounds like a slim deal as far as Cashflow goes.
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27 February 2022 | 8 replies
Not great, but pickings are slim.
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16 October 2021 | 8 replies
I tell my clients that I put my money where my mouth is on this one - I'm still purchasing investment properties through covid and this market, in addition to a new primary residence.To your more specific question about the multi-unit market in Lauraville, the pickings are slim but they are out there.
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4 January 2024 | 11 replies
The chances of the loss leaving a completely clean lot are slim to none.
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14 August 2023 | 11 replies
Overall deals are slim BUT they are out there.