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5 June 2012 | 37 replies
:1) Based off experiences with the type of SFR to invest; I'm thinking of moving my wife and I into a nicer suburb (housing ranges from 120k+, rents in the $1.2k-1.8k range) - but won't make the jump until I find something around 100-120k so I can rent it out in the future if I chose to move.If I did this, I would rent out my current townhome (purchased for $75k & built in 2003, rents for about 950-1100 in very desirable location in Jacksonville)...Option 2 would be based on trying to leverage more cashflow to help feed future investments:2) stay in my townhome, and drop 25% on a SFR around the 70-80k range that would rent for around $800-1k a month, but the homes in these areas would be ones built in the 1970s concrete block style.I feel like former option would best my investments for building wealth as I do not currently depend on real estate cash flow as a source of income.On the other hand it feels like having a starter investment that yields more cashflow would help seed future investments.Thoughts are always welcomed!
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7 June 2012 | 10 replies
They should be able to give you correct information and details on how to find the property or what online public records sources you should use.
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3 June 2012 | 6 replies
You cannot discriminate against "Protected Classes" Source of income is not a federally protected class. the federally protected classes are: race, color, national origin, religion, sex, familial status or handicapHowever some states or counties have instituted additional Protected Classes.
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8 June 2012 | 10 replies
She was the # 1 seller for the biggest developer in the area a couple years ago.
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21 June 2012 | 43 replies
Focus on finding more than a few reliable reo agents, and other direct sources to supply you with properties.
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5 June 2012 | 5 replies
Face to face interaction is actually my preferred method of dealing with customers, clients, etc.I am new to the real estate business in regards to investing, but I have spent a few years negotiating bank terms and rates on the behalf of owners.My business partner has experience in real estate as a landlord/owner.We are looking for lead sources and marketing strategies to maximize our efficiency as we setup shop.
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6 June 2012 | 2 replies
Ultimately, I want the primary source of my income to come from investments in real estate and private businesses.Although I’m pretty much a silent reader for now, I will join the conversation as I feel like I have more to contribute.Thanks to the active members for sharing their knowledge, and good luck to everyone on their endeavors!
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5 June 2012 | 4 replies
I find this to be the best source for down to earth knowledge that is so hard to find sometimes.My plans for next 1-3 years is to get my first REI property and get my feet wet in the real estate.My future plan 5-15 years is to build a portfolio to retire on. :)I really enjoy BP and super excited to learn from all of you folks on here.
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7 June 2012 | 17 replies
There are many great sources of info, including seeing a lawyer (as Timothy Rogers suggests) to help with this part.
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6 June 2012 | 5 replies
Sources for comps include: MLS, public records, a title company.