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17 January 2025 | 12 replies
In my opinion it is not worth it.
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18 January 2025 | 9 replies
For podcasts, BiggerPockets has great episodes on house hacking—definitely worth a listen!
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12 February 2025 | 75 replies
It seems like a lot, but it’s well worth it to be able to move a deal quickly.
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17 January 2025 | 11 replies
But it might be worth it to look at.
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2 January 2025 | 1 reply
Hi, I'm a Broker in MA with just one agent in the company (my admin). Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission. We do about 20-25/yr so financially it mak...
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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15 January 2025 | 5 replies
In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down.
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10 February 2025 | 25 replies
That said, I'm comfortable with the BRRRR strategy, I understand how it can help us build net worth and also limit the actual cash in and therefore risk to her.
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25 January 2025 | 18 replies
Yes tenants lose keys (and we can't duplicate them) a bit of a PITA to order more, but well worth it.
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5 February 2025 | 14 replies
house was built half way onto my lot.. owner of house went to court he only had to pay what half of the lot was worth at the time.. so no big win.. more like a big hassle