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17 January 2025 | 21 replies
I have read all of the "trends" and statistics but now I am Looking for feedback on personal experience in the Akron market.I appreciate it!
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28 January 2025 | 9 replies
You can find it through the MNREIA web site or email me if you have any troubles.Type @ and the first few letters of a person's name to link.
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11 February 2025 | 6 replies
Less commonly, I’ve seen investors prioritize the 70% rule when evaluating deals.With so many different benchmarks out there, I’m curious—what metrics do you personally prioritize when analyzing deals?
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11 February 2025 | 6 replies
A lot of times the different viewpoints lead to different questions to ask.In regards to your replies:1) I'm no legal expert, but it seems the sections of tax code you mentioned don't consider in-laws to be a personal relationship that would prohibit the transaction.
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11 February 2025 | 14 replies
While each person has their own perceptions of a rough part of town, in my experiences, I do avoid them.
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27 January 2025 | 3 replies
Hey @Logan Barwick, I personally like option 1, but this depends on what your strategy is to grow your real estate portfolio.
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10 February 2025 | 5 replies
Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.
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10 February 2025 | 6 replies
.- Navigating tricky landlord-tenant relationships when you live on the same property.While some people thrive in this environment, others find it difficult to balance personal space with their role as a landlord.### 3.
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9 February 2025 | 8 replies
It's crucial to consult with professionals experienced in 1031 exchanges and partnership dissolutions to ensure compliance and optimize tax deferral.Given the complexities, seeking personalized advice from a tax advisor or attorney is highly recommended.
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29 January 2025 | 9 replies
In addition, you want a separate bank account for the rental property to separate it from your personal accounts.