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21 February 2025 | 22 replies
My clients once they come on board with us generally will flip 5 to 40 homes a year.. pretty hard to do more than about 3 or 4 a month but I have a client in KC that does at least 30 to 40 with me and I know he has another lender.. the difference with a company like ours that is a capital partner your paying a touch more for the service but once its going its ALL our money and then the partners work.
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9 February 2025 | 15 replies
There are people who have an entire business helping you set up and design a STR relatively quickly (3-7 days) depending on size of home and complexity but you are going to be paying a bit of a premium but you do save on the headache.
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21 February 2025 | 7 replies
If they are based on usage you typically bill them back.
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12 February 2025 | 75 replies
If it's a high dollar home, then no more than $1,000.
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14 February 2025 | 1 reply
Insurance proceeds are typically provided in a check that must be endorsed by both the policy holder and the mortgage holder.
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21 February 2025 | 7 replies
I could be way off, but I really don't think you can buy homes at the tax sale in most circumstances with $100-$200,000 spreads between purchase and sales price.
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12 February 2025 | 4 replies
@Blake Johnson If investors want to divide real estate holdings without triggering a large tax bill, the biggest challenge is that transferring assets out of a corporation is typically treated as a taxable sale at fair market value.
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24 February 2025 | 71 replies
(I apologize if the copy and paste screws up the format of the post)Standards for Philly Neighborhood and RehabsParameters:This is a rough estimate on homes that are between ~800 to ~1200 sf homes that are set up as SF 3 bed 1 baths.
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29 January 2025 | 16 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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8 February 2025 | 9 replies
Do you typically keep profits in the US/USD?