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9 February 2017 | 56 replies
For some, living in an apartment building and dealing with sharing walls is a normal thing so outside of the instant tenants request, I don't assume neighboring tenants being a main concern
19 May 2016 | 9 replies
It elevates the quality of the house instantly when tenants see stainless appliances which gets you tenants faster and promotes higher rents too.
25 December 2015 | 1 reply
Unless there is an instant family on the way and you absolutely need more space (even with a new family a 2-bdrm cottage is sufficient - babies do not need much space in the first year).Why not stick it out in the present house for another 1-2 (or maybe 3-4 when your finance has finished university) years and pay down more of your debt (student loans and mortgage) to put yourself into a stronger position to acquire investment properties.In the interim, you could further educate yourself on real estate and start to narrow the gap on selecting the type of investing that best fits your lifestyle and ambitions.
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12 January 2012 | 9 replies
You don't have to put the option fee down and you still get a pretty big pay day if you are successful. 3-10% on million dollar transactions adds up if you can bring it to the finish line.
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23 January 2012 | 5 replies
This would be a property that does not cash flow, but would have instant equity based on purchase price.
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26 June 2016 | 4 replies
Perhaps you could recommend any investors that could facilitate this transaction.For the past three years I've successfully studied & been involved with over 400 various industries as a designer & marketing consultant.Currently, everywhere you look people are buying and flipping real estate.It seems everyone is buying a home, fixing it up a little, and selling it almost immediately for a sizeable profit.We read about it in newspapers, online, and there were even television shows based on flipping houses.The flipping real estate business model works great.But here’s the good news for you . . .that same business model works in many other areas.You can flip non real estate assets just as easily, maybe easier than flipping houses.You can also use leveraged buy out techniques to alternatively buy & hold already existing businesses similar to properties also.Through the use of transactional funding I've realized that I could borrow a $250,000 swing loan from a bank, give that to the seller in morning.That would make the business mine.Then in the afternoon I could take all the assets that are in the business that I just bought and raise $360,000 (80% of $440,0000) the same day from an asset-based lender.Then I could take $250,000 of the $360,000 and instantly repay the transactional loan.Then, I'll have a $110,000 cash windfall in my bank account, which I could now use to run the business and pay myself a big bonus.The double escrow basically enables someone to do this: I never touch the $250,000 of the down payment monies put into escrow by the lender.The asset-based lender never hands methe $360,000 check.
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5 March 2017 | 42 replies
Kiyosaki advocates GOING SLOW (look at lots and lots of deals) I get instant alerts on redfin and then do additional research on propertyradar ($50 month) the equivalent of ABC (always be closing) in sales is ABE "always be evaluating" honestly, I think it becomes rather OBVIOUS over time what a good/great deal looks like.Building/Buying 4 plex out of state could be a reallly good move though... as new construction attracts better tenants and would have little maintenance/headachesGood luck...and remember... the most inexpensive house/houses could be the EXPENSIVE house.
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12 April 2010 | 15 replies
On the other hand, it does no good to demand rent before they get paid, because most of them can't save money from an earlier payday until the first of the next month.My tenants know that, by golly, the rent had better be on time, because I have adjusted the rent day to suit them and I am not tolerant of late rent, not at all.
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29 April 2014 | 58 replies
Most of the people here instantly jumped to conclusions about this woman and want her out on the street.
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6 February 2024 | 7 replies
He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.