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15 January 2025 | 144 replies
Since you retain control of your money, how does one consistently maintain 30-50% cash on cash return?
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14 January 2025 | 17 replies
There is also Niagara Falls, Ontario which seems to have a more consistent flow of visitors throughout the year.
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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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24 January 2025 | 36 replies
Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.
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19 January 2025 | 46 replies
This downward trend has been consistent over the past decade, with annual declines ranging from 0.15% to 0.44%. https://www.macrotrends.net/global-metrics/countries/ITA/ita...3.
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2 January 2025 | 2 replies
When I receive inbox messages and the sender can't even keep their name consistent between signature and account name, you know its getting out of hand.
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10 January 2025 | 12 replies
My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be.
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9 January 2025 | 15 replies
What I found with Airbnb's pricing is consistent with the above- their recommendations are for lower pricing (and not in the host's best interests).
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31 December 2024 | 6 replies
kept using people who don't do real estate to do my taxes, and also they had horrible communication skills, I don't trust people who only see u as money.
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6 January 2025 | 5 replies
Are they good communicators?