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7 January 2025 | 13 replies
She can set up payments to be paid on the 1st of the month and no one is driving 24/7.
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29 January 2025 | 12 replies
@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.
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13 January 2025 | 31 replies
By working for a larger corporation you are gaining an unfair advantage, by letting them train and develop you (while you are getting paid) and you do real estate on the side.This idea is not from me, read RichDad.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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14 January 2025 | 28 replies
I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.
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15 January 2025 | 11 replies
No I paid for the renovation with my own funds.
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7 January 2025 | 2 replies
HI @David SohnSituation 1: You don't pay for your brokers fee:In this situation you are not paying for a buyers agent and they would be paid via the seller.
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10 January 2025 | 1 reply
paid cash from a 1031 Exchange How did you add value to the deal?
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31 January 2025 | 20 replies
One paid and signed up for the aforementioned service on December 20th, and the other one has been sent the docusign and is considering signing up.