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11 June 2020 | 1 reply
In my opinion, discounting any strategy right now is difficult as the competition is still so high.
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14 June 2020 | 15 replies
What I answered was completely appropriate to help an investor to see if she wanted straight passive income, which could work that way, or if she wanted to learn.Incidentally, when you are working for a business that does turnkey and then hit the turnkey questions saying what you do, it's not really the intent of most questions.
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11 June 2020 | 3 replies
Its not my cup of tea, but its straight forward and helpful for many.
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11 June 2020 | 1 reply
Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;Total property sales dropped 20.7 percent, with 7,917 units sold;Total dollar volume dove 25.9 percent to $2.23 billion;The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;The single-family home median price was statistically flat at $249,000;Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.Source: HAR
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19 April 2020 | 4 replies
Are you just planning to get such a large discount that it will be worth the time to work through those issues?
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4 May 2020 | 7 replies
To @Matt Devincenzo point if you're experienced and can provided these services yourself you can build at a discount.
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25 April 2020 | 5 replies
Because they are renovated tho it’s harder to low ball it or get it discounted and it would leave no value add opportunity for me.
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26 April 2020 | 12 replies
You could do a hard money loan if you are getting a deep discount on the property and that will reduce your total out of pocket.
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27 April 2020 | 6 replies
Because in 3-6 months, you may see a good (even if not great) discount on the properties you're looking at now.The hardest thing to do is often wait...but if you save even $10k on a purchase price and a few thousand more by staying here vs. there, seems well worth it.Good luck and congrats on taking the steps you've taken -
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29 April 2020 | 13 replies
Yes, I may not see major cash flow but a) new constructions means the builder usually offers some discounts towards closing costs, sometimes up to $5K and b) to me, mental peace as a remote investor is something I can't put a price tag on.