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24 February 2024 | 2 replies
I agree with everything @Devin De Lange said and would add one additional factor to consider.
23 February 2024 | 4 replies
I am open to exploring lending options from reputable institutions or negotiating favorable terms with the owner, including the possibility of owner financing.In terms of financial readiness, my wife and I, both employed off the farm, collectively earn approximately $100,000 annually.
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23 February 2024 | 62 replies
Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.
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23 February 2024 | 3 replies
What can we realistically expect from a builder in terms of closing cost assistance and/or rate buy-down I would never buy a new build at full price and count on zero cash flow. there was a guy who bought one and it doesn't cash flow and he's counting on appreciation. you should at least look at multifamily and in addition look at building your own.
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22 February 2024 | 21 replies
Here is the problem with owner occupied remote: 1. the house has to be inhabitable soon after closing or you will get hit with housing costs X 2 which probably makes qualifying a problem. 2. most lenders want a letter from your employer stating you can work remote for 36 more months in the future (few employers are willing to promise this).
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23 February 2024 | 6 replies
My best deal was an 81% cash on cash return that does not include the appreciation of an additional $60-80k in the last 2 years or the cost seg that got me a $90k tax write off.
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23 February 2024 | 16 replies
@Kathy Kifer - I would add additional platforms: Airbnb and Zillow to get more traffic on your medium-term rental.
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22 February 2024 | 1 reply
A thorough screening process can include background and credit checks, employment and income verification, and rental history review, ensuring that you select tenants who are financially stable, trustworthy, and likely to uphold their lease agreements.
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23 February 2024 | 15 replies
I have read through everything.However, I still feel like there is some type of value to using the monthly cash flow (not pulling any additional cash out of my pocket each month) to pay down the debt and thus build equity.
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23 February 2024 | 6 replies
IN ADDITION once you do have the complaints in writing, section 'Disputes' in your agreement REQUIRES you to attempt to find a solution with the problem Tenant before escalating.