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29 April 2020 | 3 replies
If it appraises again for $93k and you have it under contract for $165k, they will only lend on $93k as a basis (so if you're putting 3.5% down, they will only lend you $89,745).
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30 April 2020 | 5 replies
Do a little bit every day and over time you will see massive results.
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2 May 2020 | 24 replies
Otherwise it's on a case by case basis of the risk/reward with your specific tenant and what you're willing to offer them.
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30 April 2020 | 3 replies
Analyze properties everyday, and show it to experienced investors to see what they think about the numbers.
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2 May 2020 | 25 replies
Since this is a percentage, it doesn't matter how much the property is, you will make the same amount on a percentage basis.
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30 April 2020 | 4 replies
I offer my long-term rentals on a month-to-month basis for a 25% increase. $1,400 for a 3bed/2bath gets bumped to $1,750, then I add in the cost of utilities, TV, internet, and landscaping.
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25 May 2020 | 7 replies
An hourly billing model is common, however, I know a lot of tax pros that work with real estate investors bill on a non-hourly basis.
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2 May 2020 | 16 replies
Cap rates have risen on STNL so in the 6's for cap rate and rates in the 3's you get almost a 275 basis point spread for return and can be passive.Retail centers lots of lenders have left the market and have little appetite for those properties.
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4 May 2020 | 2 replies
Insurance Agents are licensed on a state by state basis so an agent in Charleston would be able to write a policy in Georgetown.
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7 May 2020 | 5 replies
I love being fully immersed in RE everyday.