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21 January 2025 | 1 reply
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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19 February 2025 | 9 replies
Then they tell me they didn’t get it and once resent said they couldn’t use because it didn’t include the appraisal value with reno.
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27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)
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17 January 2025 | 3 replies
Please advise.ThanksMel I'd recommend a local Independent Agency that has access to multiple markets including surplus lines
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18 February 2025 | 15 replies
Your time is best spent producing the revenue that allows you to invest in the first place.That includes using local agents you meet and feel are a good fit for you, property managers, possibly buying completed properties like the one you posted here, and outsourcing as much of the process as you can as you get started.
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26 January 2025 | 17 replies
I’ve got a great team including contractors, real estate agents, and lenders.
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21 January 2025 | 5 replies
Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.
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2 January 2025 | 0 replies
I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate wit...
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7 January 2025 | 13 replies
Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once.
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16 February 2025 | 44 replies
I have said it multiple times including on BP, "Buying property at Tax Sale is the most hazardous way to buy real estate."