26 February 2024 | 18 replies
Our property management contact changed hands a couple of times but the reps were great (good transition, responsive, professional responses, etc.).
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25 February 2024 | 13 replies
We provide a professionally cleaned unit when the tenant moves in.
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25 February 2024 | 25 replies
They did tell me they were busier than normal and, to be fair, I had not pre-qualified with them.
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27 February 2024 | 21 replies
Other than that, just roll with your process like a professional business.
26 February 2024 | 11 replies
Remember, building relationships with other real estate investors, lenders, and professionals is crucial for your success.
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28 February 2024 | 43 replies
@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.
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26 February 2024 | 9 replies
Get a strong pre-qual letter with an investor oriented and experienced lender (some of the best I've met on BP) and have a contingency plan.
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26 February 2024 | 7 replies
Building a team of reliable professionals is crucial for navigating the complexities and maximizing your chances of success.
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26 February 2024 | 2 replies
Hopefully, other professionals can jump in and correct me, or verify.Since your son is in the military, he gets a special break when it comes to selling his house and not having to pay taxes on the profit.
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24 February 2024 | 8 replies
However, the reality is neither of us is going to be a professional athlete.As as you mentioned, its a "dream."