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16 April 2022 | 5 replies
For me and my wife we dove deep with house hacking and it paid back big.
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25 January 2022 | 3 replies
A very long time ago I made a “sacrifice” by buying a duplex in deep, deep east Oakland to house hack.
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25 January 2022 | 1 reply
Yes, if you have the resources, stamina and drive of Elon Musk.https://www.cnn.com/style/arti...After reading this article I think I overstated my case, a little.Here's a large company (deep pockets) looking to build a subdivision.
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10 February 2022 | 5 replies
Last couple years I raised rents on my portfolio by almost 25% without going too deep into rehabs.
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6 February 2022 | 14 replies
What do you look at without getting very deep into details (like crime rates, commute time etc) Thank you for all your help and response any feedback is greatly appreciated.
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27 January 2022 | 7 replies
You guys are all telling me what I knew deep down was the answer: get another opinion.But the main reason why I posted, was to see if any of you had come across this before with a garage door specifically, where the repairman claims his repairs aren't lasting because there is something wrong structurally with the garage itself.
8 February 2022 | 2 replies
ME and my wife really want to dive in deep with REI.
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7 April 2022 | 63 replies
Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...The two most common mistakes we see investors make, over & over again, are:1) Not understanding and running their own ROI numbers2) Not having a clear understanding of the type of asset a property isIn our opinion, your best team member should be your Property Management Company (PMC).
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1 February 2022 | 23 replies
Here's how the tenants that I have had in this situation with have chosen to spend their money:Out of my deep respect of my property manager I will disclose these have all been inherited tenants and not tenants that they placed.1) Buying sports car for weekend cruiser2) Not having to work (daughter living with mom off her social security check)3) Paying for movers to leave the property without notice while 2 weeks late on that month's rent4) DrugsYou don't have to count number 3, I'm just still bitter lol.So if a humane approach is to slowly increase the rents, which you have described as a normal occurrence and acceptable practice eventually you will still reach a point with 99% of people where you have priced them out of your property.
18 May 2022 | 3 replies
However, BRRRRs buy properties at a deep discount due to the amount of work that they need to put into them.You cannot finance a BRRRR with a conventional loan because conventional lenders will only lend on safe, livable properties.There are other loan products specifically for fix-and-flip and BRRRR investors.