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21 May 2024 | 6 replies
We run two other vacation rentals and I could include the numbers on those as examples of how we've done to show the lenders that we can operate a vacation rental successfully.
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21 May 2024 | 8 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
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21 May 2024 | 11 replies
I'd recommend pushing density to 3 or 4 they all finance the same. we picked 3 because of the 35' height allowance in our area. here is a rendering to help paint the picture. our target appraisal value is 550k on the first few and pushing them to more than 600k as we sell some or keep them but if you are the only one building multifamily it's important to highlight the importance of appraisal and selling or disposing of some assets to create comparable to be used. our market has very little 2-4 units built because of economies of scale we are the only builder doing this style and we control the full process and it is a high barrier to entry where we are at. we are able to build at a lower cost now than almost buying a duplex because they are so small. each one is 668 sq ft total of 2004 sq ft.
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20 May 2024 | 6 replies
This will allow you to go over the next steps of the process now that the property has been officially foreclosed.
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20 May 2024 | 35 replies
Investing locally is a good idea starting out, you're going to be most knowledgeable about your local market and able to oversee every step of the process.
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19 May 2024 | 4 replies
Also, assembling your Core 4 Real Estate Team is crucial for navigating the process effectively.
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21 May 2024 | 4 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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19 May 2024 | 21 replies
I’ve found huge success by doing that.
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21 May 2024 | 10 replies
I had issues with the tenant and we went through a long eviction process.