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30 August 2017 | 11 replies
I have heard BP podcasts where a person goes for the home run and buying an apartment building their first time.
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6 July 2019 | 13 replies
I've recently bought a property specifically to rent out full time and it got me thinking about how a STR business can expand.It seems like the main avenues are:1. work with landlords to rent out properties and simply pay them rent2. co host and manage other people's listings3. buy properties and run yourselfeach has their pros and cons, though #1 seems the most approachable, though would take a good amount of work to find landlords open to allowing it.What have been ways that you've scaled your business beyond just 1 property?
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28 August 2017 | 8 replies
I wouldn't want anything commercial mixed with rental.. to much foot traffic, Laundromats are huge utilities to run and to keep up with mechanical fixes.. and lots of stupid sit in and wait traffic.. big drug potential unless you have a staffed location.
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29 August 2017 | 6 replies
This is something that I have grown increasingly aware of and believe in; that there will always be unknowns for your first deal, there will always be reasons why you "shouldn't yet", and I just feel as though I've almost gotten myself to a tipping point of just pulling the trigger (obviously once I've run the numbers and believe I've found a good deal).
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24 August 2017 | 7 replies
Have you run comps?
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11 September 2017 | 10 replies
If it's not a slam dunk cash flow play then run away as fast as you can.
23 August 2017 | 4 replies
"Investing" means (or implies) that you bought property to own and run it for its income.
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24 August 2017 | 3 replies
What if a tenant gets ticked off and leaves all the faucets running?
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27 August 2017 | 7 replies
There's emotion invested into this property already.Now I'm sure that should you proceed to get these two properties and were to raise the capital needed, everything would run just fine.
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26 August 2017 | 4 replies
The previous tenants let their animals run wild.