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24 August 2019 | 15 replies
@Patrick Zane McLure you would exhaust yourself too fast because in this short term there isn’t much income.I would take a 30 year loan, work on the terms when you resell the property too so every person gets its cut.Take a c or b- building that are a bit run down, multi units are very easy to increase value fast when you fix them up (lot of multi units that are worth 700k when they were bough were sold for double after 1-2 years - read about the repositioning multi unit strategy)Read books about it before diving in, some multi unit that look renovated and brand new are usually not a good investment because theres no value to add to them and increase rent)
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24 August 2019 | 3 replies
The deep dive on comps is incredibly helpful.
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3 September 2019 | 24 replies
I'm also a new investor looking for a turnkey to get my feet wet before really diving into the investing game.
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25 August 2019 | 10 replies
If the loan officer beats around the bush or he says "it depends" way to many times and does not want to dig deep with questions until after he/she sees where you filled out their application, just keep moving, bunch of losers low lifes that really make money on car loans and credit cards.Do your own loan application..
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27 August 2019 | 6 replies
@Stuart LevineThis really requires a deep conversation to understand the mechanics of the transaction, but the high-level general theory is this: you received $60k of income and paid $60k to acquire a property (even if you never touched the money, it's an "in-out" transaction)
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28 August 2019 | 11 replies
You didn't mention what sort of properties you were considering and need to identify your strategies and goals before you dive in, of course.
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26 August 2019 | 2 replies
You have to dive in at some point to get the momentum going.
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1 September 2019 | 19 replies
Be patient too, unless you have deep pockets already, the process is not going to happen overnight.
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4 September 2019 | 20 replies
@T SahaYou started World War Three with your tenant for eighty bucks, some nail holes, and a magical moment of knowing, deep in your heart, that you were right according to the letter of your tenant agreement.
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29 August 2019 | 2 replies
I am reading all I can and researching all I can about real estate investing and looking forward to diving into it a little more eventually!