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29 December 2021 | 9 replies
I would like to get a good feel for what attracts tourist, business people, medical workers and what kind of STR they desire.
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1 February 2022 | 3 replies
I've been looking at Norristown as a prospect for a first multifamily rental, and the cashflow and price points are attractive.
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23 September 2021 | 11 replies
For those who haven't read it, Part 1 is about building up your first $25,000+ in cash or equivalents through a frugal and economic lifestyle, or as David Greene would describe it, through good defense.Now that I've gotten to this point, it's time to move to Part 2, which is using what I've saved up to start building up income producing assets and scaling my income so that I can go from $25,000 to $100,000 in net worth.
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22 September 2021 | 2 replies
How much will this lower your monthly cost to and how much is the other unit gonna produce towards the mortgage.
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22 September 2021 | 7 replies
I think this would depend greatly on the type of location you have and the tenant type it would attract.
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27 September 2021 | 5 replies
And if that LO you are speaking with is not a top producer, but a barista-turned-loan-officer, due to the events of 2020 (I'm not saying that in a negative way, a LOT of baristas got into the mortgage business after March 2020, and guess who is most likely to mis-quote the >6 property hit?
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8 October 2021 | 1 reply
My gut feeling is that something like this could be great to have in an attraction-dense area for a luxury STR, but it's usefulness would be diminished going outside of that specific use case.
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29 September 2021 | 18 replies
If you had little to no debt (DTI: 5%-10%), currently renting, your initial REI goal was to fast track your way to be able to quit your 9-5 job with replacing it with positive cash flow, main goal was to acquire as many doors as you could, had 100k to start, and still had cash for reserves…Would you continue renting and or seek out a primary residence where you could house hack (keeping your DTI low, so that your able to still acquire rentals) or would you first acquire income producing rental properties and then use that income to eventually help you qualify for a primary residence?
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23 September 2021 | 2 replies
Locations are not important as long as they on board remotely/online and have a strong "online friendly" presence that can satisfy most general banking needs (attractive ach fees, online check deposit, ect).
24 September 2021 | 2 replies
I'm even open to something with a higher interest rate, as long as the numbers produce profit for me (rent from the property exceeds monthly payments) it's a win right now.Any Ideas?