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20 January 2025 | 37 replies
Our long term goal is to purchase and move to a remote ranch and for me to be able to quit my job around 40 years old.
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5 February 2025 | 17 replies
Kiavi does a good job with a lot of things, but they tend to be a bit more "vanilla" and stick to their guidelines/checklists.
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23 January 2025 | 10 replies
Within each of these loan types and structures, you'll find commonalities and similar bases, but only conforming and govvy loans will have the exact same rulesets universally.
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22 January 2025 | 10 replies
.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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14 January 2025 | 3 replies
The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos.
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9 February 2025 | 32 replies
From the videos I watched and everything I read I think RESimpli does a good job of that.
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28 January 2025 | 6 replies
Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.
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24 January 2025 | 0 replies
The next one was also a corporate cash buyer and after our second call, the acquisition manager confessed to me that he just got the job and asked me if I could train him on how to evaluate a deal!!!
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22 January 2025 | 12 replies
Seeing that you are moving for job reasons, I would probably suggest option 4 until you learn if Seattle is going to be a permanent answer.
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24 January 2025 | 36 replies
@yu liu, I believe management fee is 25% for my contract but every contract is different. 20-25% is very common among the vendors I looked at.