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19 December 2024 | 47 replies
I Joined Jeromes Buying land and building homes program back in 2019Heres my opinion on my experience....First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.6 month program will run you $5,997 if you decide to pay all at onceor you can make a $2,300 payment every 2 months totaling $6,90012 month program will run you $9,997 if you decide to pay all at onceor you can make a $3,000 payment every 3 months totaling $12,000I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.PROS:The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you.
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21 December 2024 | 6 replies
You'll have far less competition as you move into the 5+ unit space where the different financing and higher prices weed out many of the first time investors feeding on $400k fourplexes.
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30 January 2025 | 48 replies
.- As your portfolio grows, reinvest profits into larger multifamily, co-living spaces, or boutique hotels for traveling professionals.Final Thought: Real Estate Is About Ownership, But Business Is About ScaleIf you want to quit your corporate job and transition into real estate full-time, owning a few rental properties isn’t enough.
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12 December 2024 | 0 replies
The house was on a crawl space, which will become important later.
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18 December 2024 | 13 replies
The small multi family space (4-20 units) seems to be less crowded, but those deals can be hard to manage unless they’re within a couple of hours from where you live so you could manage or turn it yourself if you had to.
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6 December 2024 | 21 replies
Quote from @Mark Munson: Quote from @Dave Harlan: Wondering if anyone has used Kiavi as a lender?
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15 December 2024 | 18 replies
You can refi into a DSCR at the 1-year mark, buy another - rinse and repeat.That's a good idea for the House Hack, but I can tell you FHA offers are very difficult to get accepted right now, at least in Toledo.
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19 December 2024 | 6 replies
Delegating up front will help you open up brain space to expand and think about how to add to your portfolio, rather than running your portfolio.2.
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19 December 2024 | 10 replies
This means a 3/2 and a 1/1 instead of a 2/1 and a 2/1 since you can live in a smaller space to make more money.
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19 December 2024 | 10 replies
There is not space for new buildings.