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4 November 2020 | 13 replies
Pretty much identical to my story 5 years ago when i got into it at 19.
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19 October 2021 | 8 replies
In fact, there was a nearly identical post 2 days ago...https://www.biggerpockets.com/...
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18 January 2024 | 7 replies
The mechanics of a personal vs business savings account will be nearly identical meaning they work the same and the interest will be roughly the same.
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22 April 2023 | 38 replies
In March of 2022, an identical house like mines sold for $875k in same sub division.
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23 May 2023 | 12 replies
I've sold two identical properties side by side at the same time, one was tenant occupied, one I waited for the tenant to leave, spruce it up and then listed for sale.
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30 May 2023 | 105 replies
Here are two scenarios to make my point, assuming I have $100k (easy number, over simplified to make my point) to invest:Scenario 1: I could buy 1 $100k property in cash that rents for $1000/mo - cash flow is ~$500 (~50% rule)Lets assume that property appreciates (long term average) of 3% yoy - total ROI is $500x12=$6000+$3000 appreciation = 9% total ROINow,Scenario 2: I could buy identical properties with 20% down using the same $100k, but now I have ~$400 mortgage, cash flow is now $100 per property.Assuming the same long term appreciation of 3% yoy - total ROI is now $100x5x12 = $6000+$3000x5 = $21000 or 21% total ROIWhile the example is grossly oversimplified, it highlights the value of leverage because you have more appreciating assets that are growing year over year.
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21 January 2017 | 4 replies
I plan on talking to an attorney and folks in this space (there was a conversion right down the street from me to an identical building 7 years back) but thought I'd ping my BPers first.
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19 April 2017 | 45 replies
Driver's license information can be used for identity theft.
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25 March 2023 | 230 replies
An asset is something that returns more money than you put into it...otherwise it's a liability.Let's say you put two identical houses side by side, with one owned as a rental, and the other lived in by its owner (house hacking, duplex, etc...all qualify here).
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13 April 2023 | 11 replies
So the historical revenue on one could be drastically different from an identical unit on the same street, depending on how the owner manages the property.