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20 March 2024 | 0 replies
New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.
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20 March 2024 | 4 replies
What the regulators care about is intent.
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20 March 2024 | 14 replies
I really appreciate all the professionals jumping in and making a bit for their particular region, as it causes me to think a bit more about the vast opportunities that are before us.
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20 March 2024 | 0 replies
added value by building out a full functional NY style deli/bodega on one side and updating already established laundromat on other side Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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20 March 2024 | 2 replies
There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house.
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20 March 2024 | 24 replies
Be willing to adjust the rental price if necessary to attract potential tenants.Implement the following steps to increase your chances of finding suitable tenants and minimize vacancies.Generating Interest and Attracting Potential Tenants:Making the Listing Take professional photos!
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20 March 2024 | 3 replies
Don't hesitate to seek professional advice from mortgage brokers or financial advisors to help you navigate the process effectively.
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20 March 2024 | 9 replies
There's more to managing a rental than knowing when to charge late fees.The best thing you can do is go to google.com and search for "property manager milwaukee" and then start reading through their websites to see what the professionals in your area are doing.
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20 March 2024 | 4 replies
When you find a relevant subgroup, concentrate on building professional relationships.
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20 March 2024 | 4 replies
Although some may disagree, I believe it only means seller is not agreeing in advance to any repair - though you should be careful because people interpret it different ways.