8 May 2024 | 24 replies
Most apartment owners will use a holistic management software package and not one that just does accounting.
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7 May 2024 | 5 replies
Here's the summary I got from the video - she borrowed from bank for mortgage and rehab:Her first property $55k, fixed up and appraised to $90k ($1300 cash flow)She added 6 more properties to her portfolio in year1 - 2 duplexes ($2k cash flow) + 4-bed house (bought from cash flow and equity from other properties).By year1, she made 6-7k profit / per yearBy year2, she purchased package deals and added more properties with 2-week turnaround on fixing them (with the help of a dedicated contractor(s) who lived in one of the multi unit/room properties)She also did Airbnb and arbitrage.
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6 May 2024 | 3 replies
I would first get a quote from your current home/car insurance and see what they would charge you on a bundle package.
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6 May 2024 | 7 replies
There is a upgraded marketing package that you can pay for $35 (I think).
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6 May 2024 | 37 replies
With all that in mind, I'm assuming that my first step is to create an LLC entity for protection and then have an attorney create a loan package with a note...right?
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6 May 2024 | 25 replies
In fact many of our properties are done that way - we get a signed contract and then turn the package over to the closing attorney and move on to the next one until closing day.Your local REIG can recommend some good closing attorneys / title companies and they will usually be happy to walk you through the process and even provide you with the forms you need to get the deal locked up and closed.
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6 May 2024 | 15 replies
Some of the owners in that area own a dozen or more houses and occasionally sell them off in packages.
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5 May 2024 | 19 replies
You have an opportunity to start with a clean slate and hopefully choose the type of marketing that provides the most effective and efficient use of your money and time.That being said, there are plenty of program marketers selling complete packages costing $8,000 a month and up, with a 12 month commitment.
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3 May 2024 | 2 replies
There are set fees like any grantors tax, HOA disclosure package, then fees that vary, like settlement fee, deed prep, prorated real estate taxes, commissions, closing cost assistance requested in contract, etc.
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3 May 2024 | 11 replies
My PM have the same thing that comes in 3 different packages, including if the tenant doesn't pay...etc. which is basically them just giving you the money, then they go after the tenant.