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9 January 2025 | 46 replies
my experience in SC which is basically limited to building about 35 new builds in Charleston market and funding a few flippers up by Augusta and a few flips in N.
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4 January 2025 | 12 replies
You absolutely can, it will just limit the buyer pool a little bit!
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8 January 2025 | 10 replies
My last visit was in 2021 and owners were limited to one guest per month.
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21 February 2025 | 102 replies
Initially looking for small MF properties, but inventory is limited and the good deals get snatched up quick, often cash buyers.
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26 December 2024 | 4 replies
Highlighting the strong profit potential and taking measures to address any concerns about costs, scope, or holding risks will make this an even stronger pitch.
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3 January 2025 | 18 replies
I just wanted to make sure there wasn’t a limiting factor of showings or interest.
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4 January 2025 | 12 replies
This tends to be more time intensive and more for someone that has a lot of time and limited income as you may find a "home run" type deal with some effort/energy.
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4 January 2025 | 35 replies
Best decision I've ever made. 4-6% average annual appreciation rate, stable job growth, population growth, drivable to the Bay Area, close to Lake Tahoe, no state income tax, 4th lowest property taxes in the Nation, much more landlord friendly than CA, land constrained meaning limited supply, etc.
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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20 December 2024 | 8 replies
@Chirdeep BhutaniCap rates are a good starting point but are only a single measurement of an investment.