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24 April 2024 | 49 replies
And you're seeing that in the headlines now as Detroit "dethroned" Miami as the highest appreciating market recently:https://finance.yahoo.com/news/detroit-dethroned-miami-faste...Happy to chat about my experience there or send some resources that might be helpful. there's a zip in miami we have been looking at for development deals (33138) that is unbelievable. like 30% appreciation. we underwrite about 14% in Miami for deals. imagine starting a 10 million dollar build that is worth 20 million on completion and it goes up by 14% when you are building. unreal
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23 April 2024 | 8 replies
We're interested in a place to live that breaks even with 3 units rented, has some value to add and is relatively clean in an area good for raising kids (no ghetto/near industrial, etc) We have about 100k of skin.What are some areas worth focusing on?
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24 April 2024 | 2 replies
Even at a conservative 8% cap rate the building is worth around $1.625M.
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24 April 2024 | 0 replies
Here's how it typically works:Purchase a Property: First, you'll need to buy a property with a basement that can be converted into a livable space.
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24 April 2024 | 8 replies
Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.
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24 April 2024 | 16 replies
Yes, it is typically normal unless there is an agreement with the accountant where you will pay him to go through all your receipts, sum up the amounts and categorize them.It is confusing from your post because it seems like originally you mentioned not having your income and expenses properly categorized but in the end you mentioned providing it to him.
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24 April 2024 | 5 replies
Additionally, rental payments from CMHA are typically guaranteed, providing a reliable and steady income stream for landlords.However, it's important to consider the potential downsides as well.
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24 April 2024 | 6 replies
For example, if you typically mow the grass on Mondays and you have a guest who is against it, are you able to accommodate them and move it another day?
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23 April 2024 | 1 reply
Typically, this is how I've done things and I've been able to get a few vacations for the family paid through the points and miles that I have accumulated.
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24 April 2024 | 7 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.