6 January 2019 | 2 replies
Some areas the property sits because more people are moving away and migrating to other states and some more strong suburban area in Illinois are hit hard by property taxes so the tenant on a NNN lease wants to renegotiate rent down when they renew or close all together.
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8 January 2019 | 8 replies
However, the benefit of my husband being an agent is that he can get leads on listings as soon as they hit the market by checking in throughout the day on the daily hotsheets, plus you get all of the other information about the listing that's not on a 3rd party website and you can go to the property on your timetable and not have to schedule with another agent a time that works for them.
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7 January 2019 | 8 replies
Do you think those percentages should be where I leave them even after hitting financial freedom?
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7 January 2019 | 3 replies
It's a civilian town inside of Marine Corps Base Quantico in Northern Virginia.
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18 February 2019 | 11 replies
Eveything here is ridiculously overpriced and draped in regulations it seems so I've expanded my sights outside of the area.Locations of interest include; Northern VA, Pennsylvania, Florida, Georgia, NC, and SC.Plan:Small/Medium sized multi family properties 4-10 units. 2/1 up to 3/2 if available.Purchase price under $450,000 with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses.Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company or Live-in manager.My plan, criteria, and areas of focus change with more knowledge gained.
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6 January 2019 | 1 reply
Eveything here is ridiculously overpriced and draped in regulations it seems so I've expanded my sights outside of the area.Locations of interest include; Northern VA, Pennsylvania, Florida, Georgia, NC, and SC.Plan:Small/Medium sized multi family properties 4-10 units. 2/1 up to 3/2 if available.Purchase price under $450,000 with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses.Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company or Live-in manager.My plan, criteria, and areas of focus change with more knowledge gained.
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8 January 2019 | 6 replies
If you are thinking of selling it would be good to think about prepping to sell now before the spring hits as that is a hot time to buy.
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7 January 2019 | 1 reply
We got lucky in that the 4 month reno was finished just as the 2018 economy and spring selling market hit their peak.
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7 January 2019 | 4 replies
If a REO, then yes, you’ll have to wait for it to hit mls or an REO auction site.
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8 January 2019 | 7 replies
It's hit or miss, it really is a numbers game, you have to commit to doing it regularly for a long period of time, and not get discouraged when it seems that the only responses you're getting aren't really deals.But it can definitely pay off if you're willing to commit to that.