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19 December 2024 | 22 replies
The only thing I would add is using your time with prospective tenants to ask what they are looking for, how the unit aligns or doesn't to what they are looking for, etc.
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13 December 2024 | 4 replies
However, for longer-term profitability, flexible loan terms often have a bigger impact, especially with interest rates or repayment structures that align with your goals.
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19 December 2024 | 3 replies
You only have 10 years left of mortgage on it then it's 100% cash flow!
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17 December 2024 | 7 replies
The initial video that I took of the home had 510k views on Tiktok because of how much stuff was left and how bad of shape the home was in.
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16 December 2024 | 11 replies
I will be in meetings and if my ringer was left on it's just constant.
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17 December 2024 | 3 replies
Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.
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14 December 2024 | 6 replies
They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!
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17 December 2024 | 13 replies
This was the coach I thought of working with but he left that program.
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18 December 2024 | 24 replies
Proximity is a plus for managing the property, but make sure to run detailed numbers to confirm the cash flow and long-term potential align with your expectations.
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13 December 2024 | 9 replies
It’s always smart to do your homework and make sure the provider’s model aligns with what you’re looking for.As for fees, management companies typically charge 8-10% of the monthly rent.