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19 July 2024 | 21 replies
My personal goal is to generate as much cash flow as possible so I can reach FIRE status as soon as possible and then just invest in RE full time.
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18 July 2024 | 40 replies
To avoid this, you need your rental income to last throughout your life.
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19 July 2024 | 7 replies
If you actually want to be a decent person, as well as, a good landlord, stay away from property management companies!
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20 July 2024 | 9 replies
@Lien Vuong Quincy is my personal favorite due to asian food and community but as you mention slightly far from the city for STR but if I get a walking distance from the T, that would be doable.
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16 July 2024 | 15 replies
If tenant is typical without a lot of money, and being honest, I would reach a reasonable settlement and not add misery to their life.
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19 July 2024 | 6 replies
Thanks Hey Patrick, Having a business bank account allows for clear separation of business and personal expenses.
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20 July 2024 | 4 replies
For example, I know many people who have bought a house in Ewing for $200k and it's renting for $4000+ a month and this person has put maybe $50k into it over a couple years including a new roof, updated cosmetics, and was able to BRRR out all the money.
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20 July 2024 | 29 replies
Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.
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20 July 2024 | 8 replies
Personally, I would just knock on door.
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21 July 2024 | 35 replies
Remember too you have to catch your sellers on the right day, right time, right point in your life.