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15 September 2024 | 31 replies
@Hai Loc, yes you can evict in Columbus but just FYI, make sure in addition to the cost of the eviction court and attorney, you include up to 2-3 months of non-payment and the costs associated with the rent ready rehabs of the unit afterwards in your calculations.
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16 September 2024 | 5 replies
Redfin says its value could be 150-160k, but I doubt that’s accurate, unless the market heats up with lower interest rates.What factors should I consider?
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13 September 2024 | 5 replies
Typically, the easiest way to verify this is to request additional documentation.
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14 September 2024 | 10 replies
@Ben EinspahrHouse hacking in Denver metro areas involves lenders reporting rental income on Schedule E, accepting 75% of STR/MTR income from lease agreements or appraiser's estimates, and requiring additional proof via tax returns.
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13 September 2024 | 6 replies
They might give you a discount to add it.
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10 September 2024 | 21 replies
I'm overwhelmed by which market(s) to choose.
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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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16 September 2024 | 0 replies
This deal was discovered through diligent market research and networking in the Linden, MI area.
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17 September 2024 | 5 replies
Safe option probably depends on your experience and motivation and maybe the market where you buy.
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16 September 2024 | 0 replies
I am confident in handling the construction as I have experienceWhat really matters to me is that are there margins in this market to make money from scratch up?