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7 May 2024 | 5 replies
Here's the summary I got from the video - she borrowed from bank for mortgage and rehab:Her first property $55k, fixed up and appraised to $90k ($1300 cash flow)She added 6 more properties to her portfolio in year1 - 2 duplexes ($2k cash flow) + 4-bed house (bought from cash flow and equity from other properties).By year1, she made 6-7k profit / per yearBy year2, she purchased package deals and added more properties with 2-week turnaround on fixing them (with the help of a dedicated contractor(s) who lived in one of the multi unit/room properties)She also did Airbnb and arbitrage.
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7 May 2024 | 1 reply
It’s not just a statistic; it’s a testament to the enduring magnetism of Palm Beach living—a lifestyle synonymous with opulence, refinement, and boundless horizons.With 45.5% of purchases made in cash, confidence in Palm Beach’s real estate market illuminates paths to prosperity for both buyers and sellers.
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7 May 2024 | 1 reply
@Clara Cheng, to my knowledge, it's highly unlikely that there is a way to file a change to permit co-living properties in Cobb County.
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7 May 2024 | 1 reply
I manage properties where I live and one bad month, one eviction, one water heater goes out, you could be upside down on cash flow for months and I am thousands of miles away so I have to trust their "Trusted Property Manager"Sorry for the long rant, the question I have is what about Tennessee?
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7 May 2024 | 20 replies
@Yusuke Koike if damage was that extensive where the unit is not habitable, check your state/local landlord tenant laws as some just require you let them out of lease, return deposit and refund rent for any time they’ve paid that they can’t live there.
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7 May 2024 | 1 reply
Ie I live in a town of about 5000 people, but it is 5 minutes from a city of 100K.
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7 May 2024 | 7 replies
I bought a DSLD home before they built it and watched them construct it and live in a neighborhood that has had about 500 homes built in it in the last 6 years.
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7 May 2024 | 5 replies
Hello Everyone, I'd like to introduce myself, my name is David I live in Vancouver Canada.
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7 May 2024 | 6 replies
, I’m looking into doing a HELOC on my current owner-occupied duplex (live in one side) to help fund a down payment on another duplex.
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5 May 2024 | 8 replies
If you worked with a quality firm, they should be able to assist you with questions about the mechanics of moving funds around.The bottom line is that if all accounts are held in the name of the LLC and associated with the LLC tax ID, they are interchangeable - kind of like different drawers in the same desk.If the relationship with Stessa is in the name of the IRA owned LLC, you should be fine.