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8 August 2024 | 2 replies
Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3.
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8 August 2024 | 4 replies
But, you can use it to buy a 2-4 unit (2 unit are much easier then 3 or 4)or house hack a single family meaning live in the house and rent rooms to friend having them pay you mortgage for you.
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7 August 2024 | 6 replies
Got $100k business line of credit with 710 credit score to buy some more properties.Do you think it is better idea to buy a rental house (worth $70k) with the credit card paying all?
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8 August 2024 | 1 reply
When you hire people to work in your business you are buying their skills and time.2.
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8 August 2024 | 1 reply
Congratulations Angel, home ownership is the pillar to building wealth in my opinion.Continue building equity, buying rentals and before you know it, you wont believe how far you've gotten.
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9 August 2024 | 20 replies
When I used to go to auctions it was pretty clear when a couple was bidding to buy for their personal residence, and you didn't bother to bid against them.
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8 August 2024 | 4 replies
An experienced investor will never buy in NJ without seeing inside or they'll really low ball you.
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8 August 2024 | 2 replies
What we've done is use the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method.
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8 August 2024 | 10 replies
I agree with @Ned and @Chris also don't fall for buying any monthly software subscription.
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8 August 2024 | 2 replies
I wouldn't want to buy in a high crime rate, especially violent crime, area, but what percent is worth my time and money?