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7 May 2024 | 34 replies
I would equate it to managing yourself when you are not set up to manage properties.There is scalability in this...Now to play the Devils advocate if you get autopayments set-up you can always figure out how much interest was paid each year and what your payoff is so just decide how competent you are in that and be honest with yourself, there is nothing wrong in outsourcing parts of your business.
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6 May 2024 | 15 replies
Go ahead and blow some money and your credit buying a property you've never seen in a market you know nothing about.
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4 May 2024 | 5 replies
Security deposits soften the blow of tenants that stop paying or vacate before end of lease.
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1 May 2024 | 16 replies
Taxpayer Advocate Services are a taxpayer funded group that are supposed to be the "watchdog" that helps taxpayers deal with these types of issues with the IRS.
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8 May 2024 | 112 replies
Same goes with the appraisal… I’ve had to personally pay for 2nd or 3rd appraisals due to receiving one that didn’t make any logical sense based off of my knowledge of the market and pulling my own comps.Empowering oneself with knowledge and actively advocating for one's interests is paramount in any business transaction.I understand your frustration with feeling like a victim in this situation… However I ask you to further acknowledge personal accountability and agency in the decision-making processes surrounding your own investment… You’ve unfortunately, grossly just undersold your property, and from what I can see it is due to allowing emotions to get in the way of logic.
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1 May 2024 | 10 replies
On the other hand, if cap rates remain stable and you sell at a 5 cap, you'll be ecstatic because you'll blow through your projections and post all over BP what a great deal you just did and why you are the best investor that ever lived.Now let's say that you underwrite to a 5% exit cap and you are satisfied with the forecasted performance.
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30 April 2024 | 9 replies
I have seen a QI completely blow an exchange on several occasions.
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30 April 2024 | 10 replies
Generally speaking, attorney reps a clients and wishes to advocate for their position.
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29 April 2024 | 32 replies
And if so Did you blow through that number of days or did you provide the financing denial letter before those days expired?
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29 April 2024 | 3 replies
If you are going to wholesale the property, try not to blow smoke and say you need to have your partner come look at the property before closing - you are wasting the seller's time and many have been burned that way.