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29 July 2022 | 19 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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13 August 2022 | 10 replies
@Amir Navabpour agreed, debt pay down (tenant driven of course) is one of the strongest pillars supporting real estate returns
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12 July 2022 | 10 replies
Unless the startup is a “i am just going to try doing it out of the back of my pickup truck and see how it goes”, once you work out your business plan you’ll quickly see how fast your start up capital will get into tens of thousands of dollars and countless hours of your time.
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14 July 2022 | 6 replies
I can’t tell if this is driven by the total properties I have (more than 10), or if each person is given a slot.
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15 August 2022 | 11 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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18 July 2022 | 0 replies
I knew the area very well and had driven by the property multiple times.
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26 July 2022 | 21 replies
The start to the journey has been much rockier than expected, but it's just making me that much more driven, and I know it will make successfully closing that first deal extra sweet!
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29 July 2022 | 7 replies
Do you want a salary based job of a results driven compensation?
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20 July 2022 | 6 replies
Things like that are market-driven, but I can shed light on the basics of structuring your deal.Again, I'd look off-market...if you so choose.
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20 July 2022 | 1 reply
To calculate your deduction, you'll need to track your "business mileage" and multiply by the applicable standard mileage rate based on when those miles were driven.