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7 July 2024 | 5 replies
Hi Braedon,Thank you very much, to be honest, the place where I started the business is what boosted the portfolio but with hard work, commitment and focusing on great service toward customers and owners alike. if you do a great work, then people will spread the news among their group and they will call you.
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7 July 2024 | 19 replies
Is Coamo a random choice or is it influenced by a specific $ opportunity?
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9 July 2024 | 197 replies
I go back and re-read sections when I need a boost.
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8 July 2024 | 13 replies
Usually they'll lean on building a lot of low quality backlinks very quickly which often gives a boost in rankings quickly... but then results suffer later.
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7 July 2024 | 7 replies
Easiest way to look at this generically would be:Proposed mortgage payments + any other monthly payment you haveYour monthly income + 75%*long-term rentsThis always needs to be less than 50%, and of course other factors would influence your ability to qualify but this hopefully will give you a way to guesstimate the feasibility.
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10 July 2024 | 256 replies
He would not be able to continue his farse without the aid of these other influencers.
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6 July 2024 | 1 reply
That increases my monthly cash flow and it boosts the value of the property to increase my equity.The downside is that it can take a lot of work, time, money, and patience.
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5 July 2024 | 0 replies
your onsite manager is a huge component of your success. working with them so they understand the goal of the property is crucial for success. buying in the right area will boost your profits.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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4 July 2024 | 8 replies
after about $550,000 in remodel costs we reopened the wash under a new name with new logos and branding. we introduced targeted online marketing ads, negotiated wholesale pricing deals with local car dealerships to offer a year of free carwashes with the purchase of a new vehicle. created a monthly newsletter and sourced emails from local businesses. all in all I would say we double or tripled the bottom line numbers of the business in six months and boosted google reviews thru the roof!