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15 May 2024 | 48 replies
You can stay in one for one night. 3- Get a great contractor to size it up on condition and repairs needed.4- A Great Mentor on the above is well worth there cost.
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13 May 2024 | 11 replies
This in turn can enhance your financial flexibility and increase your chances of qualifying for favorable loans in the future.
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12 May 2024 | 1 reply
If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.
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14 May 2024 | 16 replies
Worth area Single Family Residents (SFR) are easier to come by than multifamily properties.
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13 May 2024 | 19 replies
TONS of SFR listings in the Troost corridor heading up to the river and then curving East along independence Ave.But they present many challenges; vacancies (due to below C market tenant pool), increased maintenance and repair costs (due to below C market), and increased cap ex due to homes in this particular region being older (many century homes).Then, even if at the end of the year it does well from a financial analysis standpoint, you may struggle to find the necessary and diligent and high performing property mgmt necessary to manage said property…so then if you self manage OOS, you will need a strong ‘boots on the ground’ team.many challenges come with these ‘$ sexy’ properties.
13 May 2024 | 6 replies
I actively reduce my income from my RE investments (others seek cash flow, I increase leverage to create cash and reduce cash flow with mindset that leverage will maximize ROI).
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14 May 2024 | 10 replies
If you have $900K worth of properties, the bank may give you a line for $630K.
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9 May 2024 | 159 replies
I've heard different investors have net worth range from 20% to 98% in RE.
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13 May 2024 | 9 replies
How much do you think it is worth right now?
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12 May 2024 | 5 replies
I recommend you do this annually to adjust for utility increases and other variables.