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16 November 2024 | 24 replies
Hi, we are supposed to close December 11 on sell of home was given payout from Finance company but then later was reminded we had subordinate mortgage, loan mod with cascade.
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19 November 2024 | 23 replies
The automatic late fees and payment reminders are SUPER useful at any unit size.
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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22 November 2024 | 13 replies
Many small businesses that are home based need a business mailing address and the use of meeting space and an occasional office.
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16 November 2024 | 2 replies
I was just informed that all the mail goes to the front house.
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21 November 2024 | 14 replies
If you want to e-mail me the site plan the engineer came up with I'd be glad to take a look at it and see if there are any inefficiencies in it.
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20 November 2024 | 19 replies
Get pre-approved for financing, then look for deals on Zillow, through direct mail, or networking.
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15 November 2024 | 16 replies
I'm again reminded at how small the STR world is on this forum.
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14 November 2024 | 2 replies
Using a lower-cost skip tracing service and then a call/mail/sms campaign service separately may reduce your costs.
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21 November 2024 | 305 replies
We also meet with them within the first few weeks of them moving in to remind them of our expectations.We still have plenty of problems but I think this mitigates a great deal of them.