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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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11 July 2024 | 6 replies
Syndicators that have investors that keep investing deal after deal indicate that they are trustworthy and follow through.
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9 July 2024 | 5 replies
That tells you were your competition is at and will help you keep the listing within a reasonable range.
8 July 2024 | 4 replies
Keep in mind that lenders typically won’t fund the land purchase so this will likely have to be done with cash.
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8 July 2024 | 1 reply
for a scope of work or keep track of the project and its returns ?
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8 July 2024 | 6 replies
Keep me posted if you try this method!
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9 July 2024 | 5 replies
With that cash flow I would, in my opinion, keep it.
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7 July 2024 | 3 replies
If there's no plumbing inside, that means there's no water heater, toilets, sinks, etc.
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8 July 2024 | 0 replies
It cash flows mightily and since there are very few properties in the area that ever come up for sale, which keeps the price going up.
8 July 2024 | 9 replies
There are some 3/2 rehabs for sale in the 190s nearby that comp well, but will keep my fingers crossed you have a speedy sale.