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10 January 2025 | 2 replies
The owners at the time were directed to our Real Estate agent and she showed us the property as it was a good investment opportunity.How did you finance this deal?
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24 January 2025 | 36 replies
Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.
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8 January 2025 | 10 replies
By any chance are there any agents on this site from there?
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11 January 2025 | 11 replies
Generally local agents have one purpose, to sell.
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19 January 2025 | 13 replies
I have used Appfolio as a leasing agent to put properties up for lease, screen tenants, and rent them out.
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23 December 2024 | 13 replies
Tax impacts include deferred gains, adjusted cost basis affecting future depreciation, and strict adherence to IRS timelines.
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23 January 2025 | 45 replies
Zillow / Internet, agents, off market, driving for dollars?
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14 January 2025 | 11 replies
Hey Brittany, I have dabbled into some investing and am a real estate agent in MA.
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23 January 2025 | 39 replies
Most people who advertise credit repair are just an agent for the real company that does the repair.
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19 January 2025 | 15 replies
I work with Steadily as an independent insurance agent and haven't had issues.Did you e-sign your initial application?