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5 February 2019 | 50 replies
@David Flores in my opinion if your goal is to sell any property at 50% of market value just work backwards from there on how much you would like to make. in your example of this property lets say you wanted to make $5,000. that property would have to retail at $34,000 in order for you to sell it at 50%($17,000) pay the $10,000 in liens and pay the owner $2,000I think everyone is going to be different on what they think their time is worth so if your happy putting up $12,000 for liens and purchase to make $3,000(25%ROI) because the market value is $30,000 then do it at the end of the day you have hungry new investors willing to make a $1,000 and get some education then you have pros that won't do a deal for less than $10,000. you just have to decide what your willing to accept both in monetary and education because both are currencies in the investing world@Brandy Horkey I second what you've said, I know in Florida that the county appraised value is strictly for tax purposes and not what the actually market value for a property is.
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13 December 2017 | 8 replies
Boil that down to 1-3 and if you decide to have more than 1 pull a credit report, be sure to have that done within a 30 day window of each other.
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4 December 2017 | 14 replies
If I decide not to use an agent or Property Manager and self manage a house rental...Where is the best place to list and can anyone recomend a strategy to find potentail tenants?
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3 December 2017 | 9 replies
@Damien Dupee Like at @Andrew Michael, excel is all you need to track your DMM results.The "bigger" issue is deciding what to track.
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6 December 2019 | 49 replies
A Ummm, no there's a lot of risk with body fluids of a person who decided for whatever reason (psychological, medical or viral) that their life was going to get worse.
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4 December 2017 | 8 replies
What if one day the home owners association decided to not allow short term renting or possibly the state of HI passes laws banning short term renting (it's very controversial over here) and over night I go from a great cash flow rental to a rental thats in the red and possibly underwater if the bubble did pop.
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5 December 2017 | 3 replies
@William Crutcher - I compiled a list of recent BP postings that requested a CPA in the Cincinnati Areahttps://www.biggerpockets.com/forums/81/topics/493...https://www.biggerpockets.com/forums/86/topics/144...https://www.biggerpockets.com/forums/51/topics/250...I compiled a list of recent BP Postings that requested a lawyer in the Cincinnati Areahttps://www.biggerpockets.com/forums/51/topics/416...https://www.biggerpockets.com/forums/51/topics/396...Feel free to reach out to the posts of the above postings on who they decided to go with and if they are satisfied with their services.You may also want to attend a local REIA and network with the professionals there and ask who they use as a CPAYou may want to open up your search to CPA's that work with clients remotely if you are unable to connect with a Local CPA.In the meantime - feel free to ask me any tax questions that you have.How many years did you live in the house before you went ahead with the rent to own and eventual sale?
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4 December 2017 | 1 reply
Known as Investment-to-Value or ITV, investors can decide how much to invest and what portion of the remaining monthly portions to purchase.This transaction in Pineville Oregon is a great example of structuring a win/win for all parties.
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6 December 2017 | 16 replies
Good luck with whatever you decide to do!
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11 January 2018 | 11 replies
Prices in my current area of residence aren't doing it for me and I decided to take a look at another area I know.