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21 February 2025 | 182 replies
I know a few more people who's purchasing with him, from what I hear, every single closing was delayed due to supply shortages or other reason.
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29 January 2025 | 40 replies
So I'm good at finding people.
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27 February 2025 | 24 replies
Chris, when you say 95% of brokers are eliminated for not being able to provide successful transaction references, are you referring to actual mortgage brokers, or are you referring to the people that attend a “cash flow” seminar and believe the easy money hype?
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27 February 2025 | 14 replies
Most people who lose in real estate see it as a road to short-term riches, which it generally is not.
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6 February 2025 | 6 replies
I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.
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9 February 2025 | 32 replies
As long as it meets "minimum" size standards it can look like a broom closet and be considered a bedroom... ridiculous, but it's out there, and in a tight market people will pay for it...
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7 February 2025 | 10 replies
I appreciate you listing the steps you took / people you went to in order to fill the gaps.
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5 February 2025 | 0 replies
I’m loyal with people who provide good service.
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5 February 2025 | 15 replies
Blankets and quilts people might dry but not wash in your machine (take them somewhere and think they are dry and have to throw them in again when they get home).
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25 February 2025 | 11 replies
There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.