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12 February 2025 | 3 replies
Typically, this means about one house per year, but we went almost an entire year between flips from mid-'23 (sold one) to mid-24 (bought next).I no longer have any "full time flipper" friends.
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28 January 2025 | 14 replies
Quote from @Sarah Kensinger: Boston is not STR friendly unless you live in the property.
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25 February 2025 | 29 replies
@Grace Tapfuma I have no idea how things work in Australia but if I were you in the US…Don’t sell the business.Businesses usually sell for a much lower multiple of their products income than real estate does.To be honest, you’ve built out a lot of infrastructure to create a successful business and maybe reinvesting in it would create a much better return on investment.For which you could reinvest those future profits into real estate, once you’ve scaled your business into a money making machine that isn’t so dependent upon YOU to drive the bottom line.I had a friend (38 years old) just recently sell his medical device company for $30M dollars and now he’s using this chapter of his life to passively invest in real estate ventures.Meanwhile, I’ve been toiling out here for 19 years as a real estate investor and I’ve built a portfolio worth $18M and have a net worth of $5M at 41 years old.Sometimes the grass isn’t greener on the other side.Correct me if I’m missing something!
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25 January 2025 | 5 replies
Take a look at this podcast from BP - it goes over Beginner friendly ways to start investing and you will take alot from it.
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28 January 2025 | 14 replies
In my case it was someone who knew a friend of mine and that friend vouched for me.In my opinion it is a great way to go if you have it available.
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30 January 2025 | 56 replies
There's actually a huge oversupply of properties in Tulum and none of my friends who own property there make anything close to that!
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9 February 2025 | 8 replies
So focus on lead generation.Once you have that covered, then yes you do need to have a bit of insight on the workings of the transaction.But all this should be easy to figure out the moment you keep commonsense in play.Start with getting in touch with a wholesaler-friendly attorney for your closings (if you are in an attorney state), and build a relationship with him (that is also what I did)..He should guide you along the way as you go.
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3 February 2025 | 9 replies
Ben Franklin used similar advice to turn an enemy into a friend (although his was asking to borrow a book).There are some caveats here, you cannot be wasting time thus you need to demonstrate that you are taking action.
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10 February 2025 | 6 replies
Make friends with some bank presidents, seriously.
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4 February 2025 | 10 replies
If they know you, have spoken to you many times, and you have always been friendly with them, just explain your points, that there is no legal reason to deny your plans, and ask them what you can do to help get it approved.