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17 January 2025 | 5 replies
I think there's a pretty low bar for competency in the management business because it's not glamorous and can be a grind.
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3 February 2025 | 47 replies
Prices are still relatively low compared to many other metros, and rental demand remains strong.I built my portfolio to 12 doors there while living in Detroit (now back in California) and have seen firsthand how the right strategy can still work.
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21 January 2025 | 27 replies
Too many low income apartment buildings near by / vacant buildings.
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21 January 2025 | 9 replies
Shoot me a DM if you want some help with finding a condo or house with a low rate that's on market.
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22 January 2025 | 1 reply
As you can tell marine the appraisal came back 40k low and I was so dumbfounded.
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7 February 2025 | 13 replies
I figured, if I hire several low skill employees it would equal one high skilled employee.
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22 January 2025 | 12 replies
note if we sell the primary residence, it is very likely we will not need mortgages to buy smaller rentals as we would use that mostly.Though I take your point on keeping it. our house was a new construction (3 years old) though so possibly low maintenance risk to keep for a rental.
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29 January 2025 | 107 replies
But I do think that the overall quality is very low compared to the rest of the US.
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24 January 2025 | 0 replies
Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.
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5 February 2025 | 29 replies
. - There are very low management costs since the property has long term tenants that take care of their own repairs.