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28 June 2024 | 16 replies
My first instinct was to not take John on...I'm really glad I dug a bit deeper.
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25 June 2024 | 2 replies
Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price.
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27 June 2024 | 7 replies
When someone offers all cash up front, I dig deeper to see what they are trying to hide.
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27 June 2024 | 3 replies
Emotional Purchases: Base your decisions on facts, not just emotions.
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27 June 2024 | 14 replies
Walking its streets, exploring neighborhoods, and soaking up the local vibe can provide a deeper understanding of the market dynamics.Due Diligence: Prioritize comprehensive due diligence on any property you consider.
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25 June 2024 | 14 replies
Reposting my response from that other thread you had here again:Going to say this be great care as it is emotionally difficult to process, speaking from experience.
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26 June 2024 | 4 replies
On the other hand, BRRRRs will cash flow slightly.I personally think that the farm purchase is more of an emotional decision for me and I am leaning towards not going forward so I can invest in BRRRRs which helps me achieve my goals more quickly.
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27 June 2024 | 17 replies
Feel free to ask any more questions as you delve deeper into the world of real estate investing!
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25 June 2024 | 2 replies
Underwriting from the lender dug deeper on this one as this marks my 3rd active mortgage.