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16 July 2024 | 16 replies
Sponsor is offering 2 options.
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19 July 2024 | 7 replies
The motel we offered on was utilizing Airbnb solely for rooms, and I think there’s good opportunity to utilize STR OTAs and hotel booking sites to bring in customers.
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16 July 2024 | 7 replies
We have an LLC registered but haven't had much activity in it, so I was always thinking of starting a small-scale Real Estate Consulting where we could offer the afore-mentioned services for a minimal fee.
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19 July 2024 | 0 replies
With a purchase price of $185,000 and a resale value of $280,000 after $33,900 in renovations, the property offered substantial returns.
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18 July 2024 | 5 replies
Just wanted to get a pulse from this amazing community on market potenital in these cities and specific neighborhoods, etc.As a side note, if you work in these cities as a cash buyer, investor, title company, realtor, property manager and are investor friendly, feel free to reach out!
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18 July 2024 | 9 replies
Happy to send an intro.Roofstock offers a lease up guarantee and a 30 day money back guarantee on all properties.
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18 July 2024 | 6 replies
I was curious if anyone has experience of having invested in this fund or their previous fund offerings?
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17 July 2024 | 12 replies
Avail is great for listings and you can create state-specific leases with custom clauses.
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19 July 2024 | 17 replies
PERSONAL LIABILITY FOR TAX specifically.
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18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.