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15 February 2024 | 4 replies
Has there been enough development downtown, in Johnson City, and along the Parkway that those units are preferred by students and soaking up the off-campus demand?
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15 February 2024 | 3 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
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14 February 2024 | 32 replies
I was following along happily here until @Ivory Hayes idea of finding seller financing was dismissed completely and you can't wait 12 little months to refi. 12 months in the long game or real estate is a blip.If you are buying a commercial asset like a 5+ unit apt building, the financials of the asset will count more heavily towards qualifying.
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14 February 2024 | 19 replies
For creative options you could ask the seller to finance it.
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13 February 2024 | 7 replies
I’m interested in areas with a strong rental demand.
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13 February 2024 | 3 replies
What tactic have you used to find homes that sellers are willing to sell Subject to?
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12 February 2024 | 14 replies
That hill collapsed a bit and damaged his fence, pushing it over a few inches. 2) The fence still functions as a fence and works just fine. 3) The neighbor appears to be mentally ill, he texts me regularly demanding to know when I will do X, then Y, then Z.
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14 February 2024 | 4 replies
The challenge with seller financing is that you don’t receive any (or very little) cash on the sale so even if you roll that cash over into a new property, subsequent payments received on the note will be taxable (to the extent of gain).
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13 February 2024 | 5 replies
Even if you don't sell it, it gives you the option to rent each side at a premium because the units are now each 4 bed 2.5 bath town houses, so they demand high rents.
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14 February 2024 | 21 replies
Here’s what I did/would do if starting over with flipping:You need these basic skills, Finding money, Finding a house, Calculating an ARV, Negotiating with the seller if you are sourcing your own deals, Estimating rehab costs, Managing the closing process, Building a scope of work, Finding and hiring contractors, Inspecting work and paying contractors, Selling the house (Staging, listing, negotiating with buyers, closing process).1.