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23 September 2024 | 5 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
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25 September 2024 | 14 replies
OngTo succeed in real estate investing, follow these strategies: attend seminars, build an online presence, fund your first deal, learn wholesaling, partner with someone with capital, retain information from books, and achieve a net worth of $1 billion.
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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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23 September 2024 | 5 replies
If you don't know what you are trying achieve, specifically, then you will never figure out how to get there.
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23 September 2024 | 8 replies
Depending on how much you put down, your goal is definitely achievable.
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23 September 2024 | 15 replies
If your objective is a given gross profit then you may be forced into doing higher risk, but less competitive and higher profit flips to achieve your goal.
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24 September 2024 | 49 replies
I would request that you stop giving immoral advice to our new landlords and stop also giving them ways to circumvent the law to achieve these goals.
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24 September 2024 | 15 replies
Once you know exactly what you want to achieve, your path will be more clear.
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21 September 2024 | 9 replies
Look at properties up for rent in the neighborhood that are advertising for the rent you are looking to achieve.
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20 September 2024 | 1 reply
EVERYTHING is possible if you work to achieve it Happy hunting.