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29 September 2016 | 47 replies
@Alex Craig unfortunately the cycle in these price point homes is just a rinse repeat cycle.. burnt out landlord syndrome.. local wholesaler investor snags them from out of area buyer tired of losing money.the chances are greater than 99% that htis person will never make a dime first 3 months his cash loss's will equal 3 to 4 years of cash flow so he will never catch up... and now he is stuck.. property as it sits is probably not worth more than 15k or so to a local wholesaler / low end turn key buyer... sad but true.And its why I always preach on BP buy the BEST you can buy not the cheapest.. the cheapest in the midwest markets is only appropriate for locals that own lots of these and do it for a living.. these are simply not appropriate for out of area passive investors they get killed financially .
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28 September 2016 | 10 replies
I have been a member on BP for awhile simply lurking and not getting serious till now.
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30 September 2016 | 11 replies
However, a properly structured master lease agreement does NOT transfer equitable interest - it's simply a lease agreement.
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26 September 2016 | 4 replies
I am very motivated to get this next property purchased renovated and completed before the end of the year so my ask is if anyone has a great agent for investors it would be greatly appreciated!!!
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28 September 2016 | 16 replies
I've been advised that this is completely feasible...
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27 September 2016 | 15 replies
My wife and I framed out this wall to completely separate the units for our privacy as we are living in this unit.
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27 September 2016 | 4 replies
Also try and find out why seller is selling.Lastly make sure you still do a complete and thorough inspection on property
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25 September 2016 | 6 replies
I would strongly encourage you to refi as @Jay Hinrichs mentioned and take her out of the picture completely.
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5 November 2016 | 19 replies
We still have fun times... but for the past year I've been getting a little burnt on weed and video games (I'm completely sober now).