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10 October 2020 | 7 replies
All gurus use the same basic model.
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8 October 2020 | 6 replies
And why not execute the coliving model you have experience with?
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19 December 2020 | 8 replies
@David Robinson There were a number of factors that made Knoxville appealing for us.1- Mid/Small size city which we are more comfortable (similar to what Colorado Springs used to be) 2- Newer homes in general (i don't have expertise in the challenges associated with 100 year old SFHs)3- Diverse and growing economy (UT, Government Jobs, and Medical to name a few)4- Affordability (Turnkey SFHs are available in the low $200K in great neighborhoods)5- It seems more off the radar for investors than Memphis and Nashville which means less competitionAs for credit score, mine actually dropped from 780 to 760.
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15 December 2020 | 10 replies
The manual you have will explain everything, if not, go into google and type in your model and do some research on them.
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22 December 2020 | 4 replies
This gives you the expertise while reducing your stress and risk.
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5 February 2021 | 14 replies
1) Rich Dad Poor Dad (almost every investor started with this one)2) The Book on Managing Rental Properties by Brandon Turner (This book was pivotal after my initial purchase, it has made and saved me more money than any other book)3) Set For Life by Scott Trench (provides you with a detailed description of how to create your "financial runway", I have tried to model my investing career off of this book.)4) BRRRR by David Greene (provides detailed description of how to use the 2nd best strategy in Real Estate (house hacking is #1))5) Long Distance Real Estate Investing by David Greene (Provides detail description of how to invest in Real Estate if you live in an expensive Market6) The 10x Rule by Grant Cardone (mindset/motivational)7) The Book on Estimating Rehab Costs by Jay Scott (provides detailed description on handling what I find the most difficult aspect of REI)That is my rank order for the most influential books that I have read.
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5 April 2021 | 2 replies
The financial modeling and forecasting is an area where I could use some help.
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10 November 2022 | 11 replies
Why this unusual business model?
24 February 2015 | 7 replies
A fellow I respect explained low income housing and the seller financing home sale business model a few years ago.
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16 April 2015 | 4 replies
Your likelihood of success depends a) you learning about the best practices for whichever area(s) of REI you choose to pursue, b) taking action on what you learn, c) not giving up when you face challenges, and d) building a network of people whose expertise, skills, and resources you can leverage to achieve your mutual goals (realtors, lenders, other investors, CPA, attorneys, etc.)Best wishes in your future plans.