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28 March 2024 | 10 replies
(No kids, excessive debt, responsibilities that come with age, etc.)By the time you reach 21 onward your experience level will be that of a budding pro when others may not even have begun which would be incredible for you and would carry a lot of momentum.My biggest advice in the wholesaling world would be find someone who is doing it and doing it well, ask them to bring you on for free or very minimal pay and absorb all of the knowledge in return for time and effort.
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27 March 2024 | 6 replies
Even better is if you come to them with a personal financial statement, a debt schedule, and a business plan for the purchase (if you haven't identified a property, then what size, location, price you are looking for).
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28 March 2024 | 12 replies
If legal, is there anything specific that I need to include in the agreement other than the sale date and sale price to make it ironclad ?
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28 March 2024 | 5 replies
And then separate bank accounts for each LLC, I believe including each series.
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27 March 2024 | 6 replies
So far the sketchiest, but most appealing to me, are the non-accredited syndications in the unsecured business debt arena.
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27 March 2024 | 3 replies
Pay close attention to learning about various investing tactics, including wholesaling, fix and flips, rental properties, and home hacking.
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28 March 2024 | 1 reply
I do not know of a BRRRR opportunity that doesn't have a life cycle that costs less than like 22k including all out of pocket expenses and that's if your purchase is around 75k - 90k.When I am setting up a market for my clients, first thing I do is call some agents in the market.
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28 March 2024 | 37 replies
They can know sellers seeking a quiet transaction, or they might have information about off-market properties.Because off-market transactions sometimes include personal circumstances, keep in mind to approach potential sellers with professionalism and sensitivity.
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28 March 2024 | 34 replies
For the shoe store that would include things like your utilities, rent on your store, the salaries you pay your employees, bookkeeping, advertising, insurance, and probably lots of other stuff.
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27 March 2024 | 11 replies
If an institutional lender is happy at 50% LTV to a foreign national and the seller will supply another chunk of the debt (for example, 30% 2nd), you might end up in a fine situation for financing.4.