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30 August 2024 | 12 replies
I work at a local property management company, and 2 zipcodes that our clients have seen success with are 19149 and 19111.
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27 August 2024 | 5 replies
My wife and I just acquired our first deal.
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28 August 2024 | 5 replies
Project management throughout the process. 99% of the time, buyers press a button to buy, press a button to sell and everything in between is done for them (including taking care of all problems, and selling it in the end) What was the outcome?
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27 August 2024 | 11 replies
I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.Our Situation:Partnership: We are a partnership of two individuals.Current Income: Both of us have W-2 income, which we carry a tax burden.Goals: Our primary goal is to replace our W-2 income within the next 5 years through strategic real estate investments.
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30 August 2024 | 7 replies
My PMS already has this built in and I know many others are working on the same idea.
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29 August 2024 | 14 replies
Even if using a pm you’ll typically pay more for str management than ltr management.With that said…. when I finished a large renovation on my duplex and was ready to refi I searched for and found a tenant who only needed a place to rent for a couple months.
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28 August 2024 | 22 replies
I heard about Steadily from the authors of the latest BP book on self-managing.
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29 August 2024 | 3 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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28 August 2024 | 0 replies
The quick turnaround and effective project management highlighted Partner Driven's expertise in the real estate market.
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28 August 2024 | 21 replies
It works good and is very "hackable" to let you sort through the hottest leads.HTH...