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13 November 2024 | 4 replies
At $1000/month additional cash flow, it will take 12 1/2 years to recoup that money.
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14 November 2024 | 0 replies
Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.
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20 November 2024 | 24 replies
I'd be happy to.
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15 December 2024 | 1 reply
Can be a good strategy, but my understanding is BRRRR is generally dependent on refinancing and pulling back that cash invested to repeat the next one
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14 December 2024 | 1 reply
I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.
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14 December 2024 | 3 replies
There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".
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20 November 2024 | 12 replies
Even if you decided to do MTR or STR, you would be hustling just to be net positive.
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18 November 2024 | 14 replies
Your requirements to defer all tax are to purchase at least as much as your net sale and use all of your net cash in those purchases.
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18 November 2024 | 1 reply
I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.
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12 December 2024 | 5 replies
Keep your chin up and try to limit contact with your lawyer to dealing with actual issues with opposing counsel.