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15 April 2024 | 9 replies
I would base this on your numbers, not sellers (seller financials are one of the biggest jokes of this industry), and your return requirements.
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16 April 2024 | 17 replies
I don't know the Austin market well, but based on my research, you most likely will not cash flow in that market for a few years at best.
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15 April 2024 | 4 replies
If you have trouble showing income and the property is non owner occupied, you may qualify based on DSCR
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15 April 2024 | 0 replies
(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000 vs NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?
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14 April 2024 | 19 replies
Once you have that rolling and you understand the game you can then invest your W2 income into additional properties.
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16 April 2024 | 11 replies
I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.
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13 April 2024 | 7 replies
I do have a call into them but haven't been able to touch base yet.
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15 April 2024 | 12 replies
We then also have a team of “coaches” that will help make sense of the numbers and provide feedback based on the data we have seen from hundreds of other successful deals before.Rehab: Another resource we provide is inspection report and rehab bid reviews with our construction coaches.
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15 April 2024 | 11 replies
BiggerPockets is an excellent site for networking with other investors and obtaining referrals for agents who are favorable to investors.Real estate Brokers: Seek out Cypress, Katy, and Sugar Land-based brokerages with a significant presence.
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15 April 2024 | 1 reply
2) As a partial year resident, do I just include the resident portion of taxable income in the base, rather than use the non-resident worksheet?