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25 May 2024 | 6 replies
Quote from @Drew Sygit: @Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud. do a new construction multifamily don't buy a single family for BTR the numbers are garbage. density is the only win for economies of scale, micro units as well. small, well designed multiple dwelling properties are superior.
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27 May 2024 | 23 replies
@Jonathan Lane your letter would not even be presented to my seller as we call them “love letters” and do not forward anything discussing family members or potential personal, not financial, reasons to choose yours over another offer.
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25 May 2024 | 2 replies
"I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.
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25 May 2024 | 9 replies
There are so many scammers out there, especially dealing with single-family home investments.By the way, I doubt you'll get much response on this platform because there are countless capital groups promoting similar deals.
25 May 2024 | 11 replies
I'd look at at least 3-4 family lots at a minimum for economies of scale. the price of land in miami is so high it makes single family home building nearly impossible. flips aren't worth it.
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22 May 2024 | 14 replies
See belowYou have to steer clear of violating any laws, but there are some ways for a landlord to legally disallow an ESA animal:1) The subject property has 1-4 units and one is owner-occupied.2)The rental is a single-family home rented out without the services of a realtor.
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25 May 2024 | 1 reply
Yes, private money, but you need to build up some reps and proof of concept so friends and family can see what you have done.
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26 May 2024 | 27 replies
The owner of the property owns it outright, other than it is in a family trust, which is not my problem.
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22 May 2024 | 8 replies
We have a very rubust rental market here, and plenty of small multi-family properties.
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24 May 2024 | 3 replies
I own a couple short term rentals in broken bow Oklahoma and am working on acquiring more, and also working on getting into land development (goal of building smaller single family subdivisions).Looking forward to connecting!