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7 February 2025 | 0 replies
We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.
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1 February 2025 | 7 replies
OPI would assess your fire potential first.
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13 January 2025 | 11 replies
Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.
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7 February 2025 | 1 reply
(or paint, or resurface the parking lot, or replace the boiler, or fix the foundations).You can potentially get approved for a loan out of college without work history.
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1 February 2025 | 0 replies
I would consider them to be more of a consultancy than a turnkey provider, and as such I think they provide tremendous value.Of course I could do all the legwork from scratch - research markets and properties, find lenders, get home inspectors and insurance and property managers and so forth - but RTR has already done all that and has far more experience and knowledge than I do.
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6 February 2025 | 6 replies
An accountant is a general job title that may potentially do one of many different tasks(bookkeeping, reviewing financials, assurance, taxation, etc)Bookkeepers are specific that they will likely only do the bookkeeping.
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21 January 2025 | 20 replies
Not necessarily to represent buyers and sellers but more so for my own research.
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26 January 2025 | 5 replies
So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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27 January 2025 | 0 replies
If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.
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2 February 2025 | 6 replies
Then you will be stuck with a potential rehab project.