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28 November 2022 | 11 replies
Only 4% of Americans own 2 homes.
20 December 2022 | 29 replies
@Matthew Banks if you want to be a successful real estate investor, self-managing your own properties (for a while) will give you invaluable experience--and without that experience, it will be very difficult to become a successful real estate investor (with or without PMs).Think of it this way: trying to manage a PM (or team of PMs) without any property management experience is a bit like trying to manage a car repair shop with zero experience fixing cars, or trying to coach a team to an NBA championship with no basketball experience, or trying to manage a law firm with no legal experience.
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23 December 2022 | 2 replies
Purchase price: $1,625,000 Cash invested: $358,000 -17 Unit Mixed Used Multifamily Asset-15 Rental Apartments ranging from studios to 2 bedroom flats-2 Commercial Storefront both on mid term leases to 2026 (Flower shop & American Indian Cafe)Value add opportunity by raising rents over time with slight renovations.
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28 December 2022 | 4 replies
First, I hope everyone had a safe time with friends and family, especially with this massive winter storm ripping through the U.S.I'm a multifamily buy-and-hold investor and up until now I've basically filled all the roles in my business myself--from SEO/marketing, meeting with sellers, GCing and DIYing my own projects (mostly cosmetic rehabs), to shopping insurance, etc.
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26 December 2022 | 1 reply
It's in dire financial condition, but hasn't closed shop yet.
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31 December 2022 | 21 replies
In my experice, these types of issues come up because of one or two reasons: -You don't trust the PM because they've given you other reasons not to trust them- if that's the case, you need to shop for a new PM.
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3 January 2023 | 15 replies
My 2 cents, find the money first, then shop.
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7 January 2023 | 16 replies
I'd be down to talk shop.
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3 January 2023 | 19 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
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27 December 2022 | 6 replies
Send me a PM if your interested in talking shop.