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5 January 2025 | 7 replies
Others recommend tools like Stessa or Buildium to track actual costs and project future expenses.
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26 January 2025 | 51 replies
In future, please try to only invest directly with general partner/sponsors, not through any incompetent "intermediary".
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6 January 2025 | 31 replies
Many laundromats take card payments these days, which is very helpful in verifying revenue.Look at the lease terms – long-term leases with reasonable rent increases are important for keeping costs predictable, and can also be important for securing financing.Also, check out the equipment and figure out what repairs or upgrades might be needed in the near future.
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7 January 2025 | 3 replies
It’s awesome to see your passion for real estate investing and your clear goals for the future.
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8 January 2025 | 10 replies
I'd like to add another SFH to the business in the near future with the main goal being grow the business as fast as possible.
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5 January 2025 | 17 replies
For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).
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9 January 2025 | 16 replies
I hope we can potentially do future business together!
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5 February 2025 | 16 replies
I will keep this front of mind going into future conversations and negotiations though incase it raises other red flags!
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6 January 2025 | 5 replies
From there, I would like to consider a 1031 exchange in the future to acquire more units.My current property management company suggested that they could handle a mid sized apartment building but I would absolutely not consider them for it as I believe they have overextended themselves and communication is lacking.
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17 January 2025 | 20 replies
This experience will help you prepare for more complex real estate deals in the future.