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13 January 2025 | 11 replies
I own 4 two/three flats bought between 2013 and 2020 in Forest Park, Illinois, at low interest rates and prices in 200000's They cash flow nicely and prices have increased a lot.
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9 January 2025 | 4 replies
During the partnership, you can jointly manage the property, increase its value, negotiate a flexible repayment plan with the seller that allows for larger payments after the property appreciates, ensure a written agreement that clearly specifies repayment terms and timeframes and refinance, and the sellers are able to 1031 at their leisure?
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8 January 2025 | 14 replies
Some say it increases bookings, while others mention concerns about damage and additional cleaning costs.
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3 January 2025 | 2 replies
Purchase price: $169,000 Cash invested: $33,800 Property was recently renovated to increase the value of the property and the cashflow What made you interested in investing in this type of deal?
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12 January 2025 | 12 replies
the key to a BRRRR, whether it's going to be an STR or LTR, is this:distress.you need to find a significantly distressed property, such that you can increase the ARV via the rehab.
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2 January 2025 | 3 replies
It even states that the lease “will repeat itself” but doesn’t specify terms like figures or percentages for rent increases.
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24 January 2025 | 13 replies
Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.
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2 January 2025 | 1 reply
The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?
3 January 2025 | 4 replies
While rates may not decrease, the significant double-digit increases should level off.
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6 January 2025 | 5 replies
The first couple is a no-brainer.The second group has too many people, increasing wear-and-tear on the home.