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15 August 2024 | 86 replies
You aren't profitable in many instances for a couple of years, the same with real estate.
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5 August 2024 | 3 replies
Imagine whatever the specific goal is-- maybe 100 rental units paid off for instance.
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11 August 2024 | 49 replies
Places like Alabama or Tennessee seem to check all your boxes, at least on a preliminary basis: plenty of deals will cash flow, the weather’s warm, and the risk of hurricanes is low.For instance, I’m in Birmingham, and you can purchase a rent-ready single-family home in a B/B+ neighborhoods here for about $100,000 to $130,000.
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7 August 2024 | 23 replies
I think people have a fundamental misunderstanding of the goals of the lawsuit & even of doj, the goal was stop what imo was clear collision & basically make real estate more like any other business, there is no public list that shows the average amount a lawyer or doctor makes, people go see what services they are offering, see if they like a person and make a decision on value, some lawyers or plumbers make more than others, I have a a plumber for instance I’m probably “overpaying” because I like the guy and he shows up and does good work.
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5 August 2024 | 3 replies
Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?
8 August 2024 | 23 replies
For instance, one property in a tourist hotspot like Miami Beach and another in an urban center like Downtown could offer a balanced portfolio.
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7 August 2024 | 17 replies
The other issue, especially in instances like this, is there's a rental cap/% of building rent at one time so when we loose a tenant we get put on a waiting list to be able to rent again which is on average 3 months of vacancy in-between each lease so it's not loosing a couple weeks of rent.We'll move forward trying to help her get a sublease and make sure we put a termination clause in our next lease.
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9 August 2024 | 39 replies
For instance, if average investment grade properties are priced at $250k in their subject market and they only have $30k in their SIDRA, they will have to wait to fund their IRA enough to put that money to work, which could take years.
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5 August 2024 | 19 replies
For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions.
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5 August 2024 | 7 replies
For instance, a full kitchen cabinet setup costs us 800, the front main door with glass siding will cost us 400 and the windows are costing us 30 a piece.