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26 December 2024 | 13 replies
As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".
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5 February 2025 | 10 replies
All rents you get from this property has to go back into the SDIRA but if you get a 20 year mortgage (that the rent can cover) and can pay the rental off by age 65 you will have turned that $90K into several hundred thousand’s of paid off real estate.
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10 January 2025 | 1 reply
What type of loan is this?
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9 January 2025 | 44 replies
There are other ways to use OPM and not be as risky about it.What you should do is leverage this money at 80% LTV and put 20% of your own money into the deals.
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7 February 2025 | 16 replies
Yes, this strategy is possible!
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19 January 2025 | 27 replies
Guessing you used an uninsured, cheap handyman?
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13 January 2025 | 21 replies
When looking at discounting properties to find a deal, I tend to lean into what the seller is looking for when I know I'm holding.
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20 January 2025 | 32 replies
Is there something I'm not taking into consideration?
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5 February 2025 | 9 replies
Quote from @Scott Trench: What I have seen in my own life was this..- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success