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26 November 2022 | 7 replies
My question is - are people that are doing this packing up their entire houses and leaving only the bare items appropriate for an Airbnb?
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17 November 2022 | 52 replies
The particular areas I was in did not hold value in price or rent and the properties faced constant repair issues.
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2 December 2022 | 16 replies
I think it’ll definitely help to have as another networking avenue, in addition to the face-to-face networking.The BP community has also been a tremendous help, thus far.
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22 November 2022 | 56 replies
When I first started I was doing a lot more but I know many agents doing 15-20 hours per week chasing after everything and barely scraping by.
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31 October 2022 | 20 replies
Also ppl ignore mail and are suspicious of random calls especially if you (beginner) have no deal history, website, testimonials, credentials - it could be advantageous to show your face at someones door and a be personable human being not a salesmen when asking them to undervalue their property (never discuss price at first meeting) i.e smile, heres my card, I live next town over, nice dog, my mother’s name is also mary, etc. also why skip trace when you can just ask owner for their # for follow up.
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10 December 2022 | 5 replies
Most of the payment goes to interest and very little to principal so I've barely paid it down in 6 months.
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9 December 2022 | 12 replies
Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?
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13 December 2022 | 7 replies
That puts the CoC return at a very anemic 3-5%.Should I just ignore the fact the deal will barely cash flow and take the overall handsome return due to forced equity?
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14 December 2022 | 18 replies
However, there will be several people and properties that are over-leveraged and will face the unfortunate ordeal of foreclosure and/or short-sales.
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14 December 2022 | 17 replies
It’s a small price to pay to put a smile on the tenants and kids face.