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8 March 2024 | 77 replies
The next problem is how well these tools help with notifying you of new adds to the filter, vs re pulling the whole list (dups included) each month.
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8 March 2024 | 5 replies
This could include things like fresh paint, updated fixtures, new flooring, and minor renovations that can make a big difference without breaking the bank.Additionally, make sure to provide the appraiser with a detailed list of all the improvements you have made to the property, along with any recent comparable sales in the area that support the value you are hoping to achieve.
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8 March 2024 | 13 replies
Include this in your sales pitch when reaching out.3) Offer STR services to build up cash and get your foot in the door...Cleaning, eyes on the property, landscaping, running to the store, small tasks such as a mail collection/trash day, offer a STR experience such as setting up for bachelor/bachelorette parties or grocery runs, etc...I think there's a missed opportunity with service based businesses and STRs.
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7 March 2024 | 15 replies
In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.
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8 March 2024 | 11 replies
Some things you may want to consider: does the rent on these units include utilities?
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7 March 2024 | 35 replies
The transaction allows investors toincrease the liquidity and diversification of their realestate investments while deferring costly capital gainsand depreciation recapture taxes that may result from thesale of a property.Benefits: REITs also can provide the same ongoing benefits of real estate ownership including income, depreciation tax shelter, principal pay down, and appreciation.
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8 March 2024 | 53 replies
sounds like you're being thoughtful about this and you got some really thoughtful responses back, including from@Travis Timmons@Michael Dumlerjust to pile on - it is very, very difficult to, in the short term, replace W2 income with income from long term rentals.
8 March 2024 | 11 replies
Include appliance replacement amortization in your deal breakdown.
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8 March 2024 | 9 replies
Glad to hear things are going well...Learning can stimulate tremendous growth in a very short period of time depending on how you use what you learn.One thing I'd highly recommend doing, if you haven't started doing so already, Is to download audible and start listening to books on the areas in which you're looking to learn/invest.BP has published many very valuable books on many different subject including BRRRR, investing with little/no money down, estimating rehab costs, property management... to name just a few.This is a journey, not a sprint, so take your time, adjust to being in it for the long term, and FOCUS!
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7 March 2024 | 0 replies
With over 18+ years in Real Estate including wholesaling, investing, flipping, etc.... drop me a DM with any Michigan qustions.