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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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15 September 2024 | 22 replies
I did a light review on some of the promises and proposals this company made and there's no way my father would go for that.
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10 September 2024 | 3 replies
What are the most promising alternative lending strategies for financing RE developments given the rising interest rates and tightening credit conditions?
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17 September 2024 | 68 replies
I don't really enjoy it either, but in my case, my properties cash flow well, and it gives me the promise of an early and comfortable retirement.
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13 September 2024 | 61 replies
You know that’s a fake story right?
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9 September 2024 | 46 replies
I've sent support a number of bots or fake leads with false information.
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15 September 2024 | 61 replies
Unless you made promises in writing that his whole living area would be 68 degrees or something, he has no case!
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9 September 2024 | 2 replies
The Elysian Fields Ave property was an attractive opportunity due to its promising location in New Orleans and potential for a strong return on investment.
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10 September 2024 | 6 replies
For lending to friends or family who prefer minimal involvement, provide a **Loan Agreement** with loan details and repayment terms, a **Promissory Note** as a formal repayment promise, a **Security Agreement** if collateral is involved, an **Investment Summary** covering project numbers, process, and security, and a **Disclosure Statement** explaining potential risks.
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10 September 2024 | 23 replies
There are so many versions out there promising the same thing I just don’t know which one to to with.........