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19 July 2024 | 8 replies
Through those channels, I connected with each industry for my rentals in the area.
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20 July 2024 | 9 replies
So, if you don’t get approved, you’ll have to start the eviction process which will also take several weeks until the tenant is officially out.
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19 July 2024 | 5 replies
I previously posted questions on this channel about lending money on the paperstac platform.
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18 July 2024 | 12 replies
Hey Min, Can you buy the property in advance as an "investment property" and then when you officially make the move, you can refinance it into a primary residence at much lower interest rates?
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18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.
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18 July 2024 | 11 replies
It's not for a lack of trying.I've asked him to try working some other channels to see what we can put together for you.Sorry for any slow communication; it's a crazy time in the markets and the low/tight inventory has made it rather challenging for everyone in the industry.I'll follow up with Micheal more tomorrow.Feel free to contact me anytime!
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22 July 2024 | 82 replies
Find out what this law means and how it will impact wholesaling.Wholesaling is Officially BANNED In SC - New Law Explained By A Lawyer (buzzsprout.com)
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18 July 2024 | 10 replies
I’m certainly is no expert on this.The county delinquent tax office said the auction date is the official date of sale but they aren’t exactly the tax experts either.SC is the state.I gave an example of the deed above.
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18 July 2024 | 4 replies
No QI would accept an official substitution of QI from a personal friend.