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29 January 2018 | 14 replies
I understand that most months I would not make a lot of money, if I could come close to breaking even I would be happy (I think $100 a weekend during an off month is a reasonable expectation for downtown Omaha) and then during Berkshire Hathaway shareholder meeting in May I think I could easily make over $1,000 and then over $2,000 during June and the College World Series (my condo would be a long walk or short cab ride to both events).
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27 January 2018 | 4 replies
The judge wants to make sure that the law was followed so as long as I have served the correct papers at the correct time and in the correct fashion I will not have a problem. 3.
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28 January 2018 | 7 replies
It was one hell of a ride and I learned a ton from that office.
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12 February 2018 | 20 replies
I make money by buying low and riding the equity wave during the construction process.
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13 October 2017 | 8 replies
Old fashioned landlines sound the best but the difference is so tiny that it wouldn't affect my decisions one way or the other.
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2 November 2017 | 79 replies
Im not saying you're wrong and you cannot say I am wrong because we hold different perspectives and choose to put our money in investments in different fashions.
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17 October 2017 | 1 reply
I live in Clearwater FL and have cash on hand to purchase however I am concerned that the real estate market is peaking and I don't want to buy high (I have a place that is ok to ride out the market so not in "need" to buy, just trying to buy right.Anyone feel that FL is still a good opportunity to buy?
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23 January 2019 | 24 replies
Pics to follow.Purchase Price = $160KMonthly Rents= $1980 4x 2bd/1ba ~750 sq ftRehabPreclosing repairs= $6500 Roof repairStucco workPostclosing repairs= $35000 Exterior: structural repairs, stucco, paintTwo central ACTwo Full interiors (flooring, spackle, paint, doors, bathrooms, kitchens, appliances)New Rents= $2620Goal is to refi > $215K for a final CoC of 23% post refi and a 10 Cap propertyLessons LearnedSearching for propertiesoBring in craigslist more for 2-4 multiunit buildingsoThere are certain realtors that specialize in these multiunit properties, get on their mailing listAnalysisoAdd 50% to all rehab costs…..and get a better contractorPicking teamoRealtorRealtor with experience in multifamily properties and also invests thereoProp ManagerPay for the system not the personGet them in the loop earlier during due diligence to determine better proforma rentsUse their expertise in legal matters to develop your tenant/lease situation and way forwardoContractorGetting the work done in a timely fashion could be more valuable than shopping for contractors for months.We had a long closing timeline that we could’ve have set our team better and poised them with good gameplanoLenderPresent a professional document compilationLook into mortgage brokers for future flexibilityLending packageoLoan documentsoPersonal finance limfacsVery clear guidelines between partners concerning capital requirements by certain datesoInclude gameplan for the property for your lender with appropriate numbersMaking an offeroPrice options (all in same offer, give them choices)Conventional with discountSeller finance less discountCash offer significant discountoOther ClausesDue diligence doesn’t start until you get all of your required documentsClosing TimelineoRepairsLean forward on your contractor and book their time, oDocumentationSave before/after pics, invoices, tenant notice documentationoTransitioning property to LLCGet you lender in the loop asap to determine their specific protocoloMoving money for closingEnsure that if you’re working out of state, that you can do online wire transfers!!!!
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24 October 2017 | 4 replies
Therefore spending another 6 months poking around here at BP, and riding with the property management lady i have been learning from I believe is the best thing to do in order not to be duped.
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16 October 2017 | 0 replies
Hi,I'm looking to ride along or take a local investor out to eat.