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28 January 2025 | 71 replies
What state programs are you talking about
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3 February 2025 | 9 replies
Or maybe you're great at talking to people and could make cold calls for someone working off a leads list.
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10 February 2025 | 9 replies
Talk to your banker about your plan.
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7 February 2025 | 9 replies
DM me with some details about what you are trying to do and we can talk.
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21 February 2025 | 245 replies
My Section 8 tenants kind of talk and write like this, brings one pause as to the veracity of your claims.
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5 February 2025 | 35 replies
If we're going to just talk in hypotheticals, of course anything is probably possible anywhere but highly unlikely.
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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27 January 2025 | 12 replies
It's a great way to talk through your plans and goals for real estate with people that actually understand!
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11 February 2025 | 4 replies
They won't care if you talk to their manager or supervisor, because at the end of the day, a lot of these LOs work under the company's license and name.
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26 January 2025 | 5 replies
Identifying value-add opportunities in strong neighborhoods and negotiating deals that make sense is something I’ve done a lot, so I understand what it takes to make these projects successful.If you’d like, we can connect and talk through some strategies or areas to focus on—I’m here to help however I can.