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13 August 2024 | 0 replies
This deal will be financed by equity and debt investments including angel, venture, family office, and limited partnerships.How did you add value to the deal?
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13 August 2024 | 21 replies
If what I wrote is not clear to you or if some of my assumptions are wrong, then stop your DIY attempt and hire a tax professional.
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13 August 2024 | 15 replies
How can you prevent them from DIY?
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15 August 2024 | 86 replies
And there's ways to do that without much risk using a joint venture with other investors.
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12 August 2024 | 4 replies
Many DIY landlord use their own names & addresses.
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12 August 2024 | 2 replies
Building relationships with experienced wholesalers can also open doors to joint ventures and off-market deals, giving you a head start in the industry.
21 August 2024 | 182 replies
We are in a business/ venture that requires more customers, not less to charge more.
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11 August 2024 | 7 replies
Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?
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16 August 2024 | 17 replies
Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.
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10 August 2024 | 7 replies
@Gash Nookala the only remote DIY landlords that succeed are the ones that already know what they are doing!