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18 January 2025 | 18 replies
And 3 days a year I spend about 30 minutes pondering a repair, rent increase or turnover choice.
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6 February 2025 | 7 replies
Shared Risk and Reward: The Foundation of JV Partnerships- The typical risk and reward structure in JVs: - Investors contribute expertise, time, and sometimes capital. - Private lenders provide funding and may share in the profits. - Both parties share the risks, including market fluctuations, project delays, or unexpected costs. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.
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27 January 2025 | 5 replies
Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).
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18 January 2025 | 4 replies
One is the $10,000 repair expenses.
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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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2 February 2025 | 1 reply
Deal #4 - SFH, 3BD/1BAAsk: 80KNeeds new paint, flooring, new kitchen, and bathroom, and roof will need to be repaired.
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31 January 2025 | 2 replies
I'm speaking of co-living in a typical A or B level neighborhood house, so instead of a 20-25% down payment, we are speaking of a 1-5% down payment.
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24 January 2025 | 6 replies
Golan,There are typically two reasons why a property listed on the MLS hasn't sold: either it’s overpriced or there’s an issue with it.
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24 January 2025 | 0 replies
Understand Realtor (Agent) Fees- In Germany, real estate agent (Makler) fees are typically paid by the buyer and can range from 3-7% of the property purchase price, plus 19% VAT.- These fees are due at closing and are part of the overall transaction costs.6.
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29 January 2025 | 13 replies
I believe it's because the property is being sold "as-is," and they are unwilling to make repairs or negotiate based on findings.