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2 January 2023 | 8 replies
After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.
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8 September 2015 | 13 replies
Are they done auction style at non courthouse locales?
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14 February 2015 | 20 replies
If you are disciplined you could probably "retire" by 35 or 40 and travel all you want not having to worry about money because you acquired enough properties early on to facilitate this life style.
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23 September 2014 | 13 replies
Comes out to a $30 difference on a loan amount of $75,000. 30 year fixed rate.Keep going back and forth but thinking that $1400 in my pocket is better way to go and more and pay $30 more a month....ThanksNate HI Nate,It would seem that the spread or delta between cost and no cost is 1400 dollars or 5/8th's percent in rate AKA .625% to achieve the "no cost," option.How do you decide what its worth?
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16 January 2017 | 143 replies
That said, most will not achieve this.
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9 October 2014 | 11 replies
Most of them will only look at higher end stuff.And the other investors that own in those areas most likely self manage.This is one of the main reason why we started in house PM.We only manage what we sell tho.Might look at taking on other business as I think I have the C and D class management style down packed.Will just need 5 full time alpha characters to pound the doors.So still a while away :)Thanks and have a great day.
19 October 2014 | 1 reply
The first thing you need to do is talk to your attorney and find out exactly what you will be achieving by forming an LLC,,depending on the situation it may not accomplish nearly what you think it will as far as asset protection
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18 February 2016 | 13 replies
Style greatly affects costs.Materials LaborPermit fees (sometimes these are higher than materials)Financing costsEveryone brings different experiences and skills to the table, each region of the country has their own influences on labor and materials costs, etc.
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30 November 2022 | 181 replies
So yes I think one can find it and can achieve those numbers.
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22 March 2016 | 38 replies
You will probably find yourself achieving your goals much earlier than you you ever thought possible if you stay focused and Dream BIG.