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3 December 2018 | 27 replies
@Joel Fine this is one of the main reasons that I am more inclined to invest in apartment buildings instead of single family homes, town homes, condos or small multi.
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13 March 2020 | 7 replies
When the time comes, dispose of the stuff, either through a local trash pickup or a dump run with your utility trailer.The main thing is to assert your possession of the house as quickly as possible and come through for the next of kin.
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15 October 2018 | 35 replies
(https://www.artofmanliness.com/articles/the-surprising-benefits-of-marrying-young/)Being 36 and just getting into real estate I wish I had been able to get in sooner--at least learn about it more.I think you have had your question about real estate answered above - property and it's improvements.
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28 April 2020 | 11 replies
I'm an investor from Portland OR, doing mainly fix and flips and the occasional lease option over there.
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14 October 2018 | 4 replies
And if I create an LLC, what is the true benefits?
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14 October 2018 | 11 replies
Homeowners see firsthand the benefit of building equity and paying less to live.
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22 October 2018 | 14 replies
I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?
14 October 2018 | 9 replies
Your interest rate is very attractive and you are getting multiple benefits from owning the property (income, tax break, mortgage pay down, appreciation, and leverage).Personally, I would probably find away to hold on to the property unless you had a more attractive investment opportunity.
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13 October 2018 | 0 replies
Mainly a realtor who is familiar with investment properties is preferred.
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14 October 2018 | 9 replies
LLC with give you no tax benefit but a legal protection.