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6 June 2024 | 7 replies
Hello, I am new to the community and this is my first post.I secured a multi family lot to build approximately 16 condo units on.
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4 June 2024 | 13 replies
I have several clients that have 10+ units operating as STR's in Atlanta with no issues.
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8 June 2024 | 11 replies
Could turn that into a 2-4 unit building and collect multiple rents.
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9 June 2024 | 35 replies
I wouldn't say I'm opposed to a corporate gig in real estate, I would love for my current full time job to complement my real estate ventures and expose me to experience in real estate deal flow at higher levels for sure.
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7 June 2024 | 4 replies
This might entail buying a single-family home with rental potential and living in one area while renting out the other units, or it could entail buying a multifamily property and living in one apartment while renting out the others.Financing Options: Look into traditional mortgages, FHA loans (for home hacking), and other inventive financing techniques.
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8 June 2024 | 37 replies
Definitely loving my Toledo market 👍Just trying to get a solid B class 6 unit across the line for $160,000.Occupied but needs around $50,000 or so in rehab.Optimized will rent for $4,500+ per month and ARV will be $350,000 - $400,000Haven't found a deal like this in ages but either way you look, the numbers in the market just make sense and even with the high interest rate environment.Much success to all
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7 June 2024 | 4 replies
Just plan to keep expenses on a spreadsheet. 6) We got an umbrella insurance policy vs LLC - lots of forum threads on here about the differences and which one is best depending on situation. 7) An emergency fund is paying yourself, I don't sleep well whenever mine gets low. 8) For me, it would depend on your financial level, time to retirement, and/or if you have income you need to offset or not. 9) you need to figure out if selling with the up-to- $250,000 capital gains tax free for primary residence is better financially for you than renting as you'd be converting to a rental and potentially losing that tax advantage (takes a lot of monthly rents to equal that benefit), and talk to your accountant about the depreciation as I think they still value it as depreciated when you sell even if you forget to depreciate at tax time.
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5 June 2024 | 2 replies
The house is a B-level property in a B-level neighborhood.
7 June 2024 | 6 replies
Now you’re carrying a huge debt that is solely reliant upon STR business.I would sell it and take the cash to buy multiple SFR's or 2-4 unit multifamily rentals and spread my equity to more REI's (without an HOA).
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7 June 2024 | 2 replies
If I'm not mistaken, the United Way was helping her at one point.