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7 February 2025 | 9 replies
I am currently contracted to a large major energy company and I work a 2 week rotation in West Texas, so two weeks on and two weeks off.
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3 February 2025 | 8 replies
Jacksonville Attorney for Landlord Tenant Relations is Harry Heist, who has a website that you can download all these notices you will need for your property. https://evictforms.com/
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27 January 2025 | 3 replies
Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.
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3 February 2025 | 15 replies
Just make sure the other two assets can still cash flow with the debt you put on them.I have an 10 unit commercial property that is basically cash flow neutral because of large Capex expenses that come up every year.
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13 February 2025 | 10 replies
In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns. 100% We always recommend conventional first until you can no longer qualify for those.
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31 January 2025 | 44 replies
While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.
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13 February 2025 | 15 replies
This would be an excellent question for them.
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29 January 2025 | 14 replies
We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.
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3 February 2025 | 5 replies
However, the Charlotte region is a very large area, and pricing varies drastically depending on what sub-market you are looking at.
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23 February 2025 | 6 replies
At one large single family house with 4 bedrooms the yearly oil was $5,900, as the boiler produced domestic hot water also and ran 24/7/365.