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15 March 2024 | 2 replies
Typically guys who want to be paid for "coaching".
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14 March 2024 | 7 replies
A 3/2 in each for $650k for example.2.
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16 March 2024 | 19 replies
Generally, you should be able to find 75% after the six-month seasoning mark for both these properties, and maybe a 70% Cash-Out if you do the 3-6 month seasoning window.Unfortunately, theres somewhat of a "glitch" in the DSCR qualification rules that give worse terms to those that are less leveraged and cashing out, than if you would have done max leverage on these with hard money or HELOC for example.
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15 March 2024 | 3 replies
Anyone have any examples of what they do when you uncover deals that aren't directly within your partners' buying criteria?
16 March 2024 | 14 replies
I currently manage the property so, I know that the operating expenses amount to $67,204 annually.I've done some research and found that the cap rate in our area typically falls between 7-8%.
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15 March 2024 | 13 replies
For example, I am thinking I could just pony up and buy a month's subscription to AirDNA for Washington, search for high revenue/occupancy areas, and then further refine that list by researching each location's STR regulations.
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15 March 2024 | 6 replies
Ultimately, it all boils down to you—your experience, your availability, and your ability to handle multiple tenants, units, and issues (trust me, they'll all come knocking).Typically, for beginners, anything beyond a duplex can be overwhelming.
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15 March 2024 | 0 replies
I'll typically contract work out, unless it's something I can handle myself - Residential purchases to turn into rentals (12 months or longer)I read a few posts and did some research, but I want to be sure I am selecting the right NAICS code.
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15 March 2024 | 6 replies
For example, I lived in the past in Arizona, so when I do my taxes I print 2 copies, and send one copy to the IRS (the Feds) and the second copy to the local IRS (the Arizona IRS, which is called Arizona Department of Revenue, if I remember correctly)Since I moved to Florida last year, my understanding I dont have to send anything to the Florida IRS (if there is an institution like that), I should only send a copy to the IRS (the Feds), correct?
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15 March 2024 | 1 reply
Typically 3 and 3.