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3 July 2024 | 9 replies
It would really depend if its creating a loss as Michael mentions above it's an IRS audit flag having a $0 income "property."
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30 June 2024 | 54 replies
Rates are scaring people off again.
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2 July 2024 | 3 replies
Expect to pay north of 8.5% on the rate and to be capped at 70 or 75% CLTV.
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2 July 2024 | 10 replies
I may not succeed as an investor - my happiness or worthiness will never depend on that, however.
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1 July 2024 | 28 replies
So that is always dependent on personal emotion.
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1 July 2024 | 7 replies
I doubt the winner of the election will have 1/10th the effect of lower interest rates and whether supply continues to increase or demand decreases.
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2 July 2024 | 18 replies
That conditioning all goes out the window when it goes from 0% interest rate cards or buy now, pay later to prime rate.
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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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2 July 2024 | 6 replies
I can't even begin to tell you how valuable that time was in getting the most up-to-date info on the industry and doing a deep dive into what to look for, how to analyze deals, how to run facilities, rate management, etc.
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2 July 2024 | 3 replies
Negotiate terms like purchase price, down payment, interest rate, and repayment schedule.3.