6 March 2024 | 19 replies
Exactly @Jay Hinrichs: Investors should learn what not to do as much as they should learn how to do things properly.
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7 March 2024 | 10 replies
Or if there's a commercial broker/developer who buys raw land and develops it to the point where developers can take down a few lots at a time in your area... whoever out there is selling subdivided land to developers will have ideas for this.
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7 March 2024 | 9 replies
Co-ops, on the other hand, involve owning shares in a corporation that owns the building and can come with more restrictions and limitations on how you can use or rent out your unit.If your goal is to dip your toes into real estate investing as a primary residence before building a portfolio of out-of-state rental properties, it may be a better idea to consider a condo over a co-op.
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5 March 2024 | 43 replies
Not only does she fail to ventilate properly, but she fails to clean the mold that is clearly visible!
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7 March 2024 | 31 replies
Any idea what an average cost might be for this work (yes, I know it depends on number of cabinets).
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6 March 2024 | 6 replies
We were looking for duplexes and triplexes in New Jersey, but that market is crazy and nothing would cash flow properly and everything was out of our price range.
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7 March 2024 | 9 replies
Obviously it wouldn't be a good idea to ignore the notice.
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8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
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6 March 2024 | 3 replies
What would be the proper solution to this in order for a potential buyer to be attracted to this deal and inherit the tenants?
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6 March 2024 | 5 replies
I need to calculate my total assets and properly keep track of rental income and expenses.