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22 April 2020 | 2 replies
Bonus if it can be turned into an educational how-to guide.The resident can either pay out of pocket for any work needing to be done, or they can let the GNA cover it in exchange for direct principal payments off the original market price purchase.Make a simple guide to what needs to be done on a regular basis, and establish a plan for what the resident can handle, vs what the GNA provides.Create synergy with kids and grandkids to accomplish common/ regular tasks.Opportunity for daycare/ day camp, or even homeschool type services.Opportunity for future continued business partners to take over living on the residence.Preferred scenario, resident pays for material and professional labor, and the GNA provides cheaper labor for easy tasks etc.Residents may pay part of the labor cost, but ideally if the GNA has cash to pay internal employees, then those costs get applied as principal payments.Explore options that let GNA employees trade time for ownership of that specific property, instead of traditional pay, or use it as an overtime bonus.Find ways to incorporate local artists and craftsmen, and make unique projects that incorporate the story of the house as told by the resident.
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26 April 2020 | 20 replies
You do need to package yourself, your business and ultimately the deal once you find one.Another unique opportunity is owner financing.
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11 May 2020 | 19 replies
Cook county is unique for this reason.
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25 April 2020 | 1 reply
I've finally gotten smart about my finances and I'm ready to start diversifying my income.I've spent the past few weeks learning the basics, getting familiar with the rental calculator and started exploring my real estate market.
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10 May 2020 | 21 replies
One of our best tenants was a tech intern from Hong Kong on an 18-month assignment - no pet, no boyfriend, no car, here to work and keep her nose clean and explore the city.In short, remember that this isn't just a financial decision.
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27 April 2020 | 4 replies
I'm under contact for a house hack but live in flip is something i'd like to explore in a few years.
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26 April 2020 | 1 reply
I am by no means staying this to discourage, just saying that you have more options to progress to outside of house hacking, and to explore how you can grow your investment portfolio in a passive and/or active way.
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28 April 2020 | 17 replies
I'm in a unique situation (like most) and have began seriously considering real estate investing as revenue source for my family.
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28 April 2020 | 15 replies
(We have lots of family in NYC) I'd continue to explore stocks, bonds,.... paper investments that throw off cash and on the real estate side start exploring tax liens on Long Island.
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30 April 2020 | 8 replies
A big part of this is picking and choosing various unique colors/patterns/textures/and designs from different eras, and blending them together.