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2 June 2024 | 112 replies
For those of us that have been working in our prospective markets for years YES we get them all in 30 - 40k per door.
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1 June 2024 | 13 replies
The barrier to entry is getting higher but still very high ROI and COC for the top prospects.
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30 May 2024 | 1 reply
It's in a city (outside the USA in Mexico) that has seen major growth the last 3-5 years and has great prospects to continue growing thanks to nearshoring and high cost of living across the border in the USA.I spoke to an architect and it looks like a 4-unit building can be built on there.
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30 May 2024 | 1 reply
The ads usually aren't transparent and the prospects don't even know they left their info.
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30 May 2024 | 8 replies
You can run background checks and credit reports on prospective applicants.
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28 May 2024 | 4 replies
Is the TOPA there something that should deter me outright from the area?
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29 May 2024 | 12 replies
If you want to talk to potential sellers every day your best bet is prospecting.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.
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30 May 2024 | 17 replies
chances she is going to lose the benefit are essentially zero....Although for the case given by the OP I would concur that the tenant can say she was forced, in my own experiences in talking with Section 8 tenant prospects it is the tenant always offering a side deal because I explain that I get paid more rent in the open market than what Section 8 will pay.
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29 May 2024 | 4 replies
The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.