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19 May 2024 | 5 replies
The majority of the advice out there is to work existing parks and/or lots or land with infrastructure in place.Hope that helps!
20 May 2024 | 11 replies
Kevin gave you some great advice.
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24 May 2024 | 100 replies
Otherwise there is big changes comingBiggerpocket investment advice is bad man .... telling you.When everyone is purchasing STVR in toledoville for 50% markup to follow the early guy that has invested there in long term, it's time to get out, basically, they increase the supply side; while demand remains the same.There's no way the city/gov would not catch you guys that convert the regular homes to permanent Airbnb.
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17 May 2024 | 6 replies
You'll get all kinds of value and advice from other memebers.
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19 May 2024 | 7 replies
I personally do a cost seg on every single property I buy (This is not tax or legal advice).
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19 May 2024 | 3 replies
Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.
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19 May 2024 | 1 reply
First reassessment when closing under my name initially, and then second reassessment when transferring the title to a LLC , even though all happening within 30-60 days in the same year.Any advice would be appreciated.
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19 May 2024 | 11 replies
Since I am a beginner, I wonder if anyone can provide advice.
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19 May 2024 | 1 reply
Looking for advice on what reputable scratch/ding stores or similar type places in Philadelphia sell 24 inch wall ovens.
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21 May 2024 | 138 replies
@Brian EastmanGreat advice!