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31 December 2024 | 18 replies
BOOM - retirement started with a bunch of cash in your pocket and no tax bill to slow you down.
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30 December 2024 | 16 replies
Not a book, but Bill Faeth has a lot of free, good content on his site and YouTube videos.
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24 December 2024 | 8 replies
Finding handymen is NEVER easy:( Often, you have to use trial & error method and weed through several before finding one that is acceptably (never pefect) reliable, quality, will fix warranty issues and has decent prices.Try visiting a Home Depot 6-8am on a Saturday.
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3 January 2025 | 8 replies
Operators who were able to kick the can down the road may see huge increases with this year's insurance renewal or property tax bill, but there's no reason to expect another year of massive surges in operating costs.
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18 December 2024 | 8 replies
Education via trail & error is easily the #1 worst way to go about anything today UNLESS your an explorer, inventor, revolutionizing and still all of those have a whole lot of training and education backing them.
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27 December 2024 | 4 replies
Thanks for that shout out @Bill Brandt.
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31 December 2024 | 32 replies
., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.
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29 December 2024 | 11 replies
Quote from @Bill B.: I wouldn’t purchase a STR property anywhere it wouldn’t work as a MTR or LTR unless its local economy is based on STR.
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29 December 2024 | 8 replies
She currently just moved into an apartment with her elderly mother due to personal reasons and now her bills have doubled so she needs to sell ASAP.
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30 December 2024 | 15 replies
I predict this bill will increase homelessness in Rochester NY or will force people to move outside of the city to find housing.