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24 September 2014 | 10 replies
You should find a reliable general contractor who is "hands off," where you can just tell him the work that needs to be done, sign a contract with a deadline and the rehab needed with a per diem for going over, and just come back in 2-3 weeks when it's done, then sell/rent it/whatever your exit strategy.When selling a flip, consider listing it a bit low and letting the offers/bids get close enough to it, if you want to have a shorter DOM.Make sure you buy the highest ARV you can afford to maximize your profits.Consider leveraging your money for more security/profits.There are all sorts of exit strategies out there.
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6 October 2014 | 35 replies
Always, always, always start with your market research which I outlined in my post and then locate a reliable partner that you trust (including visiting them in person) and THEN look at properties with that company.
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2 October 2014 | 12 replies
You won't get reliable cap rate comps for small residential properties.
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2 October 2014 | 4 replies
Not sure I really follow you Karen, it's not an income ploy by government it's motivating people to report violations for the public good, enforce the rules that otherwise may go unchecked.Your point goes to another matter, the IRS doesn't investigate claims made by the public, there is a great possibility that your neighbor tries to turn you in out of spite and won't have reliable knowledge.
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9 October 2014 | 7 replies
The reported numbers have been controversial, but I beleive the trend is a reliable indicator.
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11 October 2014 | 8 replies
The fact that the property is now listed at 90k is not a reliable indicator of the value.
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22 October 2014 | 21 replies
The biggest factor was that trades, in general, tend to be quasi accurate in their estimates, less punctual, less reliable, less professional and have themselves overbooked which resulted in more blockages in the project timeline.
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17 November 2014 | 21 replies
Because of the constant in and out soldiers, it's a very reliable with little vacancy and they're normally good tenants.
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24 October 2014 | 14 replies
Then pay some other debt off which is 15650 (600 a month 26 more months to pay off), which would leave me with 28,350 to invest with and find another home to live in.My other option is to rent it out, on rentometer ( not sure if reliable source) it said the average rent would be 1100 which i figure i would net around 550 a month, 6600 a year.