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19 December 2024 | 24 replies
I'd love to buy up some land in the Christmas or Santiago Mountains, but I love hunting for and photographing rare snakes so that's sort of a niche use haha.The Chihuahuan desert and western mountains of Texas are no joke, it is some of the most remote, unpopulated, water-starved, but breathtakingly beautiful country in the entire US.Just FYI it's not that west Texans dislike solar or wind farms... we love money!
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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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30 December 2024 | 8 replies
doors need to be power washed, gutter needs to discharge further from foundation (deck is uneven and breaking, possibly due to water erosion?)
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1 January 2025 | 12 replies
A good one can make or break your experience. • Neighborhood Research: Stick to B or C+ neighborhoods with stable rental demand.
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2 January 2025 | 30 replies
Handyman after guest vacates replaces toilet, breaks old toilet to find vape in toilet.
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24 December 2024 | 5 replies
The third, I think I will break even or small profit, but it will be on the longer end of the hold, like 7+ yrs overall.I have not had any additional capital calls.
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20 December 2024 | 10 replies
Will you please break that down for clarity at a newby level?
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9 January 2025 | 44 replies
other than buying better class assets and break even and bank on values rising and what little depreciation does for you..
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27 December 2024 | 34 replies
Cruz is a total dork, but a 3-4 week vacancy between Thanksgiving and Christmas is very normal.
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4 January 2025 | 35 replies
Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.