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17 July 2024 | 37 replies
I cant tell you what to do , but investing in rentals over the long term has been great for me , some times there are more repairs , sometimes less , but thats just the nature of the business
14 July 2024 | 6 replies
When I ask for reasons I get cost of living, quality of live, moderate climate, fresh water access, no natural disasters and moving back to where they were from.From what I can see the trend to the Midwest is steadily increasing, but by no means as big as moving south.
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15 July 2024 | 23 replies
No, my calculations do not take into account natural disasters or acts of God, but it could tell you which towns would have the best chance of being rebuilt due to the desirability of their locations.
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14 July 2024 | 16 replies
Naturally, everybody looked at me like "what the hell is this?"
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12 July 2024 | 11 replies
I was involved in wholesaling business long time ago (not real estate but consumer goods), and it has taught me A LOT about human nature.
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12 July 2024 | 3 replies
My partner and I now find ourselves in a strong financial position to start our RE investing journey and have set our sights in New England, specifically Rhode Island due to the excellent natural environment and our desire to ultimately relocate there long-term.
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11 July 2024 | 9 replies
G’Day BP folks,A fellow Toledo investor started a Facebook group revealing all local scammers.Mostly contractors.10+ years of investing in Toledo and stopped counting at $1m in losses.It’s just the nature of the beast and the cost of doing business in my eyes.Unfortunately, Toledo is notorious for bad operators and poor quality of workmanship in many industries.Maybe this group will help you not loose the same amount of cheese that I did $$$You’re welcome 😇 https://facebook.com/groups/786864700099337/
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11 July 2024 | 4 replies
(Fortunately, we were insured)Emergency Fund: Always have extra cash for unexpected events.Tenant Support: Keep good communication and support your tenants through tough times.Final ThoughtsThis July 4th was a disaster, but it’s also a stark reminder of the unpredictable nature of real estate investing.
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12 July 2024 | 17 replies
This is dependent on the city's long-term economic growth.Natural disaster risk: Certain locations are more prone to natural disasters, such as hurricanes, tornadoes, earthquakes, fires, and floods.
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12 July 2024 | 16 replies
I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS- low prices- blue collar overall, meaning lots of resources for contractors- growing university, consistently growing rents- I expect to see an actual 10% cap rate here, higher if the property needs work- compared to downstate, permitting, evictions, etc. are simple and quick- no code compliance inspections required on existing multifamiliesWEAKNESSES- no. natural. appreciation.