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28 February 2024 | 6 replies
I think it depends on your goals and what you want to get out of it.
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28 February 2024 | 6 replies
Meaning your 10k could at a maximum get you a $200k building, which may not be feasible depending on where you live.
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28 February 2024 | 7 replies
If you are targeting these areas with a roommate for a 2 bed, your share will be $3.5k / 2 = $1.75k or $1.16k if there's 3 of you per month in rent give or take depending on your agreement.
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29 February 2024 | 18 replies
The kinds of attributes you seek will depend on your approach.Given your youth, take into account the potential for house hacking.
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28 February 2024 | 5 replies
Second, general maintenance and repair costs depend on the condition of the house, the age of the house, and who is hired to do the work.
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1 March 2024 | 97 replies
I get it .. but I also know how tough this business is and 97% of the people simply are not going to buy their way to success.. just like 90% of the newbies that post on BP will do exactly NOTHING in real estate we all get fired up.. but there is only so much of it to go around.. its FAR harder than it looks and it does either take some real good innate skills or lacking that some good liquidity so you can buy into the market.. thats why the Vanilla rental house game is so huge right now.. anyone who can fog a mirror can understand.. buy a rental put a tenant in it.. collect rent... past that when your talking about these more complicated transactions pretty tough to have no experience and just pay a few bucks and your going to be knocking down 250k profits.. its no different than the wholesaler guru who pitches making 20 to 40k a month .. can U yes how many do maybe 1% who try... or the guru who teachs flipping and making 50k per flip one a month... again how many can do that not many... one they don't think it through.. if your going to do 50k flips and one a month and you have 6 to 9 month cycle you need to buy 6 to 9 projects before you turn one.. how many starting out can do that.it would be more realistic to say hey start with one in 6 months then do 2 and maybe in five years your doing 10 to 15 a year.and or it really depends on markets... but gurus talk like all markets are interchangeable and they simply are not.
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28 February 2024 | 48 replies
Also depends who you intend to rent to and the pet policy.
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28 February 2024 | 28 replies
Buy a neutralizer, spread it around heavy, poly film it, come back in 24 hours, ozonate if there is still smell (likely for a couple days or more depending on smell and ozone capacity of machine), then you’re probably sanding and throwing down whatever stain /polyurethane you desire.
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28 February 2024 | 130 replies
The purchase price for either building will depend largely on the NOI.Rents go up and rents go down.
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28 February 2024 | 9 replies
Secondly, depending on the interest rate you get for the new loan - a highly leveraged property may not cash flow or cash flow well - so one missed month of rent due to vacancy or a major expense comes up - that wipes out your cash flow for the entire year (or more!).