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2 February 2017 | 6 replies
Essentially myself and my partner @Brett Jacobs only needed another $1000 and some change at closing.
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3 February 2017 | 4 replies
So essentially, I am looking for a brokerage in the Atlanta area that is willing to take on a newly licensed agent and be involved in personal/family deals (planning for 2-3 deals a year to start).
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2 February 2017 | 5 replies
So if you can find a 4 unit for sale, you can move into one essentially live for free if the other 3 units cover the mortgage.
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7 February 2017 | 15 replies
Use it as a safety net for unexpected expenses.On your first property, you can't spread the cost of capital expenditures over multiple properties, so when/if something happens, you need to be ready.
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10 February 2017 | 5 replies
(a) The landlord shall: (1) Comply with requirements of applicable building and housing codes materially affecting health and safety; (2) Make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition - See more at: https://www.tn.gov/lawsandpolicies/article/66-28-3...
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2 February 2017 | 4 replies
My original partner - we started flipping property back in 2006 and essentially he dropped 140k into my LLC bank account.
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3 February 2017 | 11 replies
This means having adequate margin of safety (profit margin), it means having multiple exit strategies (plan A rent it, plan B flip it, etc.), it means maintaining adequate cash reserves (to handle unforseen CapEx, vacancy, etc.).
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4 February 2017 | 17 replies
@David JenkinsIt's just the ratio of Net Operating Income (what you're essentially earning on your asset) divided by the property/asset value.If you earned $10,000 NOI on a $100,000 property your cap rate is 10%.Now you can compare that 10% to how other assets or investments are performing.
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7 February 2017 | 11 replies
She signed that lease last year where it states this.Obviously it's "convenient" for the tenant to know she can simply drop the check or money order over to me because I essentially live next door.....but what she doesn't know (because it's none of her business) is that later this year I will be buying a fourplex with an owner occupied FHA Loan and therefore will be moving away from her so obviously she won't be able to just drop the check over to me at that point.I have another property with tenants in it and they are on "ERentPayment" and it's working out really well.Any advice from the BP forum will be appreciated.
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3 February 2017 | 7 replies
If you've got 7 SFH as experience in the same area, and your numbers are looking good (give yourself a big margin of safety for a first deal in MF) then I say: go for it.