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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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10 July 2024 | 13 replies
I am thinking I can get it after getting hands on experience in one big project I have.
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11 July 2024 | 18 replies
I can only speak from experience on the Baltimore market where you can definitely find quality rental property in this range.
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11 July 2024 | 15 replies
Look at the existing inventory in you're area, find an investor agent who has experience with house hacking, pick the best option currently on the market that fits your budget and make the offer.
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10 July 2024 | 50 replies
It is a legitimate business, but that doesn’t mean you have the experience, skills, knowledge, time, dedication or capital to be successful.
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10 July 2024 | 112 replies
I would like to personally thank everyone for sharing your experience and advice.
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9 July 2024 | 7 replies
Hello - I'm looking for a PM in Fort Wayne/New Haven, Could you please let me know with whom you went with and your experiences, would you refer ?
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10 July 2024 | 4 replies
I bet you're getting a lot of hands-on experience with those.Feel free to ask any questions you have about investing or share your experiences as you start your journey.
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9 July 2024 | 18 replies
I am in South Carolina also and have extensive experience dealing with purchasing and selling properties with title issues.
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11 July 2024 | 24 replies
PM us for more info, but in the meantime read more advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.