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21 January 2025 | 20 replies
Used your HELOC to fund the down payment on a second property if the right opportunity presents, otherwise those returns wouldn’t be juicy enough for me to take on more debt for the sake of scaling if you’re buying at retail.
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14 January 2025 | 9 replies
I don't ever stiff the housekeeper and if this was a long term tenant who needed to break early I would do it but probably not in this case, again unless regs require or mom presents a more compelling case.
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21 January 2025 | 19 replies
and for sure I would think BP charges sponsors to advertise on the forum just like they charge to advertise on this forumthey are having some sort of event and the guest I saw were Brian Burke ( top shelf ) and Jeremy Roll ( another wickedly smart dude) compared to the guru trainers who I really dont know much are anything about so cant comment on them.
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15 January 2025 | 10 replies
I would appreciate any comments on any of these questions:1.
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10 January 2025 | 13 replies
This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.
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23 January 2025 | 45 replies
Moving inland, Dover presents a more affordable option with rising demand for multifamily units and a steady rental market, though its short-term rental potential is less robust than coastal towns.
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13 January 2025 | 12 replies
A single family house with a small HOA can still present a lot of risk, so tread lightly.
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15 January 2025 | 18 replies
If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.
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8 January 2025 | 9 replies
Point is the above comments there are many other more effective ways to meet the FINCEN stated objectives for tax evasion, money laundering and terrorism.
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12 January 2025 | 25 replies
If you're looking for positive cash flow, you should be looking into the B-/C type neighborhoods because this is where you'll find a lot more buy and hold, BRRRR, and positive cash flow opportunities.I appreciate your comments.