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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
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27 January 2025 | 5 replies
One way would be to get the real estate under contract, then bring an experienced partner in who also has access to capital, and stay in the deal as a minority equity partner.
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7 January 2025 | 5 replies
Sell to me if you want to sell the next haha.
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17 January 2025 | 10 replies
Few of us are full-time hosts, instead we have day-jobs.
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27 January 2025 | 56 replies
I'm a huge fan of Boulder and hope to acquire something in the area one day soon.
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5 February 2025 | 54 replies
And that's the reality of it if want cash-flow day 1.
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12 January 2025 | 28 replies
If they have a lease agreement for more than 30 days, you have to follow the eviction process.
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17 January 2025 | 23 replies
Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?
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7 February 2025 | 4 replies
Buy a property when it feels good is when you are buying your primary home where your kids will grow up and you'll live with your family.
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4 February 2025 | 11 replies
Painting, for instance- an amatuer could take their time and paint a house over the course of a couple weeks and do a great job, but a professional crew could do the entire job in a day.