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29 January 2025 | 107 replies
Do better rehabs. 100% agreed mate,Safety comes in the volume.Something that I've "preached" for many years.It's not worth the time, money or even risk buying 1 or 2 or even 3 properties unless an investor has a growth type mindset and a will to scale to 10+.It's very simple, you own 1 and it goes vacant.That's a 100% impact on your income.You own 10 and 1-2 to go vacant.That's only a 10-20% impact on your income.It's also a very high likelihood that problems will always exist with 1 or 2 properties at any given moment...Plus, such markets (Ohio and Michigan) don't appreciate as much as many others like a Texas and Florida for example.Michigan and Ohio are slow movers and only recently (10+ years later) caught up to some of the other "higher flying" markets from a yearly growth percentage.Much success
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6 December 2024 | 0 replies
By collaborating, we can leverage the collective knowledge and resources of more experienced investors in this forum, gaining valuable mentorship to accelerate our growth.
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25 December 2024 | 60 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
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13 December 2024 | 9 replies
It is a slow time in the market overall with the holidays this month and next.
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13 December 2024 | 3 replies
We didn't anticipate the housing market slowing when it did in August and now we are holding a flip that for all accounts should sell.
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11 December 2024 | 6 replies
If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.
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31 December 2024 | 418 replies
RE sales slows a LOT to generate revenue find a new investment.
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11 December 2024 | 12 replies
Occupancy can be off the charts in places like this because there is so much activity or reasons for people to visit during what would be slow days of the week and off season months.
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9 December 2024 | 3 replies
When it's against you, your progress slows, but you can still move forward.