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5 July 2018 | 110 replies
Its a mathmatics problem, not an emotional one.
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5 September 2018 | 11 replies
Experienced real estate agents and investors in an area know of the things that can impact the usability of a comp that less experienced people will often miss - (e.g. if there is a "historic" district within a 1 mile radius which would make using a comp from that area less useful even though it is within a mile) Having someone who does not have a financial interest in whether or not a deal gets funded review the property is a way to help pull emotion out of a deal.Also, we don't send evaluators out to review a deal (thus having the borrower incur an evaluation fee) without reviewing the deal with them before.
20 July 2018 | 69 replies
Stick to the checklist and don't let emotions reign.
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2 July 2018 | 23 replies
Gifts and affirmations are low on my love language list (Gary Chapman), plus I'm pretty emotionally flat so LLing is perfect for me.
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2 July 2018 | 2 replies
I understand the emotional strains of running a business.
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3 July 2018 | 20 replies
Make offers until somebody says yes and don't buy on emotion.
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3 July 2018 | 13 replies
It was a difficult decision as my family is emotionally attached to this home but based on the financial gains of investing the tax free appreciation it makes sense for us.
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4 July 2018 | 6 replies
I was the kid in high school getting offers from private colleges over how high my test scores were, and I ended up ruining so much with drugs, toxic emotions and bad decisions.
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19 July 2018 | 14 replies
Just be very clear on pets you will/will not allow, make sure you understand the support/medical/emotional pets laws in your state as well.Ultimately, if you're screening your tenants correctly, you'll be choosing tenants who are responsible pet owners anyways....Hope this helps!
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8 July 2018 | 0 replies
.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.