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12 June 2020 | 55 replies
Good things can happen from this, but I must give you one piece of advice that you cannot take for a grain of salt.There are no groups of people that are more notorious for shooting themselves in the foot when it comes to real estate than:A. a group of lawyersB. a group of doctors/medical staffC. a group of teachers/professorsFor some reason, despite their high IQs and whatnot, they get into horrible deals time and time again, and their real estate careers typically last 1 or 2 deals max.This doesn't have to happen as long as you're ultra consercative in all estimations and calculations when landing your first deal.
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17 August 2017 | 6 replies
Offices unless medical tenants are generally on gross or modified gross leases.If tenant is reimbursing some expenses then likely they are only paying for the space they occupy.
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1 May 2019 | 11 replies
My wife was in a similar situation years ago with medical debt, took her several years before she started seeing the light at the end of the trashed-credit-tunnel.
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27 August 2017 | 6 replies
As someone who does both, I'd suggest that as a newbie, you are safer looking to rent right now. 1) Your first flip is likely going to go slower than usual and that will put you delivering to market during the holidays - the worst time of year. 2) We are at an earie place right now with values at an all time high and inventory low.
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17 August 2017 | 8 replies
I was paying for my wife's medical school costs, and just couldn't save up for 20% down at the time.
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21 August 2017 | 9 replies
If they can be sued for prescribing the wrong medication, and an ESA is a prescription, then I feel that they should be legally responsible if the tenant is not capable of caring for the animal and the property in tandem.
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18 August 2017 | 2 replies
Everything included except debt service is the idea @Steven L.As far as a PM- management will run about 14% for the small operator. 10% doesn't include a lot of extra costs like vacancy-fills, slower turns and higher repair expenses from calling pro's for every little thing.
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29 August 2017 | 22 replies
Jville slower to rent and property insurance is difficult.
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20 August 2017 | 10 replies
I also began offering a 25% rebate of my commission to military and other local heroes (teachers, police, medical, etc), both as an incentive and because I was actually feeling guilty about how much money I was making and was looking for a way to give back.
26 June 2018 | 59 replies
I would rather hold a retail strip or medical offices vs condos.While fix is the riskiest, the scalability of it is much more appealing, from land devs, to row houses, to communities.