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24 July 2024 | 36 replies
Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.To find out about an area go to IREM.org search for ARM certified property managers.
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26 July 2024 | 75 replies
If you need an extension for some reason most are really good about giving you a little extra time if it came to it because they don’t want to have to do the work to take over the project.HoldsLTV - 75-80%Interest - 3%-3.75% as an arm from 5-7 years (we don’t plan to hold forever so better rates are more appealing to us here)Amort - I push for 30 year but a lot are 25No feeRehab loan if needed which rolls into PITI as you draw funds.
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24 July 2024 | 46 replies
I had a call with them and thr program is $8k for an online/digital course (i assume this is replacing the 3day in person seminar people have mentioned here) and the inner circle program is now $20k?..
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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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21 July 2024 | 11 replies
This might fall into the 20 year, ARM products.
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22 July 2024 | 71 replies
It's hard not to fall into this trap when digital marketing and social media advertising is constantly shoving all of these unnecessary products and services down our throats.
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20 July 2024 | 16 replies
Not ideal, but their assessments are still double digits under true market value.
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20 July 2024 | 5 replies
HELOC's are low cost, digital, cookie cutter no exception type processing- you fit in the box or not.
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20 July 2024 | 28 replies
Post-scarcity refers to a hypothetical future where goods and services are so abundant that they become essentially free, leading to a fundamental shift in how society functions.Some experts believe that certain sectors, such as information and digital goods, are already approaching post-scarcity due to the ease of replication and distribution facilitated by digital technologies.