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7 November 2024 | 30 replies
Rent it cheaper for 4-6 months to get through the winter, then rent it for a higher price or sell it in the spring.I recommend selling because you don't have a good property manager and the market is obviously not strong there.Thanks @Nathan GesnerI dropped the price from $2100 to $1975 but it’s not moving the needle too much.I am prepared to go lower , however , worried about what kind of tenants we’ll get at a very low rent like $1700 or $1600…4 years ago we rented for $1400 ( to friends) then we went up to $1500 for next tenant, then $2400 for the last tenants ( we did some remodeling on property to justify that last rent ) Hard to go back down to those lower #’s but not getting qualified bites at all now that we are heading into winter ( as you pointed out )..been at $1975 for three days now ..
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1 November 2024 | 0 replies
Be patient. these are mid-term plays, so you must be prepared to go without the cash for several years.
5 November 2024 | 14 replies
Best bet is talk to wholesalers and have a real good agent that can dig properties out, and be prepared to buy on spot in good locations and anything else be a tough cookie.
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31 October 2024 | 2 replies
Quote from @Evan Polaski: @Enrique Roth, every investor should be preparing a full appraisal package.In mine, I include 1. before and after photos, 2. 5-6 comps that I want the appraiser to use, WITH explanations of what the comps have or don't have compared to mine.
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6 November 2024 | 42 replies
lol I was not prepared for that.
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1 November 2024 | 5 replies
No house is perfect and you want to be prepared to deal with issues.
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31 October 2024 | 15 replies
And, be prepared to walk away.
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5 November 2024 | 34 replies
Come prepared, ask better questions, and you will get better answers.
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1 November 2024 | 8 replies
It’s inspiring to see how you’ve been so intentional about preparing for this next chapter—your commitment to learning and gaining hands-on experience will serve you incredibly well in fix-and-flip projects.
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8 November 2024 | 22 replies
Ironically most investors don't slow down to ask themselves that simple question but will prepare a multi tab excel spreadsheet justifying the reason behind purchasing the low barrier home that lacks fundamentals because it meets the 1% rule or is a good BRRRR candidate because that's what they are taught.