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2 July 2024 | 0 replies
Each deal you close as a wholesaler is a plank that helps you construct a bridge toward greater investment opportunities.Wholesaling: The initial planks.
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2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
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3 July 2024 | 3 replies
It could be 80%, not sure of your exp or credit. 15% of 290k = 43,500 plus closing costs round that up to 50k, then you'll hold it during the rehab period let's say 5 months?
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2 July 2024 | 0 replies
While it might be obvious, most of the developments are close to the major arteries of the city.
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2 July 2024 | 18 replies
I need to buy a property and leave closing with cash in my pocket.
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2 July 2024 | 6 replies
Hi Jeroh, When do you need to close by?
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1 July 2024 | 1 reply
Purchase price: $86,000 Sale price: $120,000 The wholesale deal for 4390 Annie Mae Cv, Millington, TN, greatly impacted all parties involved.
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3 July 2024 | 14 replies
Bathrooms are considered one of the most dangerous rooms in a house because you have a mixture of water and electrcity in very close proximity.
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3 July 2024 | 6 replies
Consider whether you aim to build a substantial real estate portfolio for ongoing income or diversify investments over time.Risk Management: Assess risks associated with property ownership, including vacancies, maintenance costs, and market fluctuations.Risk Management: Assess risks such as vacancies, maintenance costs, and market fluctuations associated with owning multiple properties.Tax Planning: Work closely with a tax professional to develop a balanced strategy that maximizes current income offset with depreciation, while planning for depreciation recapture and optimizing use of 1031 exchanges.
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1 July 2024 | 22 replies
Freddie Mac does have this verbiage and I’m sure fannnie is close to same just too lazy to look it up.