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14 January 2025 | 2 replies
Both are almost set in stone.
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31 December 2024 | 3 replies
I'm have been asked to enter into a partnership with an experienced investor, and I'm not sure how to or the best way to structure a partnership. Any advice or resources you can point to? I'd like to double my units i...
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18 January 2025 | 36 replies
That's a terrible idea.He should either install a smart thermostat that allows him to set limits, or he should remove her from the property.
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18 January 2025 | 16 replies
I've also had guests buy their own TP and trash bags and leave the extra.As for toiletries, I leave the traditional "Starter Set" of shampoo, a little bar soap, conditioner, and lotion (the tiny hotel bottles).
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21 January 2025 | 0 replies
My LLC in this project is set up as an S-corp.Thank you for listening and any color would be greatly appreciated.
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30 January 2025 | 0 replies
Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.
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24 January 2025 | 6 replies
Focus on getting your finances in order, setting achievable goals, and finding a mentor or local real estate groups to guide you.
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14 January 2025 | 5 replies
I can also share some great resources and guides to get you started.Let me know what specifically you're looking to learn, and we can set up a time to talk.
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18 January 2025 | 11 replies
As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.
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28 January 2025 | 7 replies
In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.