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20 March 2019 | 23 replies
An old friend of mine, also an RE investor, always called single family homes "the Honda Accord of rental properties"...i.e. they might not get you there the fastest, but with a little maintenance will reliably deliver in the long term.So, I agree with the other posters that there is more uncertainty with condos.
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24 March 2019 | 22 replies
You might want to do your own calcluation, again if you have access to reliable data.But besides all that and just going for it, as a general rule, so long as the entire economy is not in the crapper, all properties sell, usually quickly, when appropriately priced.It's usually an over-priced property, or a property with issues, that keeps it from selling, if that is the concern you are trying to work out.As far as identifying areas to farm (lol I thought you were trying to buy a farm on the first read) well, if you don't have access to the data to figure it out, maybe following the leader is your best bet.Best thing about the Zillows of the world is they publish solds.
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19 March 2019 | 4 replies
Before writing any offers though, you need to find out what it's actually worth ( a county assessment is not a reliable source of property values).And is the property actually for sale?
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21 March 2019 | 3 replies
That combined with there being a massive demand for reliable, trustworthy and communicative managers seems to be the perfect storm for entering that market.I understand the difficulties of property management from my own portfolio and understand its no walk in the park.
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20 March 2019 | 4 replies
Can anyone recommend someone who's reliable and works fast?
22 March 2019 | 5 replies
Most interior work in Indianapolis doesn't need permits, but if there's extensive work done, there's likely several permits that were pulled.Licensed contractors who pull permits are usually going to be pretty reliable... especially if they work with other investors.
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21 March 2019 | 4 replies
At the very last, you'll need a promissory note, a mortgage, & a personal guaranty. 3) Prepay Insurance on the property for 1 year and name your friend as the lender.4) Use a reputable / reliable / recommended title company for closing (they will record the mortgage for you with the county).
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11 May 2020 | 53 replies
I would personally get a small mom and pop management company but if you can find a reliable cleaner and handyman who will go to the unit at a drop of a hat for you by all means give it a go.When the condo is ready have photos done.
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24 March 2019 | 4 replies
Condos are not usually a very good investment and not reliable income investments.