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29 February 2020 | 35 replies
We'll be asking attendees to pre-register for sessions so we can better gauge interest properly allot classrooms accordingly.We should have longer sessions too, which will allow for deeper dives into the content.As far as timing goes, we will still have a tight schedule between sessions in order to make the most of our time there, but will have ample time for networking in the evenings.
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29 January 2020 | 6 replies
You have a few options to fill the gaps in that knowledge.1. team up with a great contractor, who you can trust to not only do great work at a good price, but to teach you as they go.2. attain this knowledge yourself, reading, getting multiple bids and comparing (always a good idea, even for #1 above) - @J Scott's book on Estimating rehabs is incredible, and goes in detail on basement to roof and everything inbetween!
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2 February 2020 | 21 replies
Very attainable goal.
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6 February 2020 | 4 replies
We don't really do too much financing for the initial buy as our cost for the property and rehab is much lower, but when our buyers purchase housing (either turnkey investors or local buyers) they can usually attain a loan without any issues with very little down.
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17 March 2020 | 6 replies
Here is a list of a few that are of great value:· Population Total· Home Values· Household Incomes· Poverty Rate· Population Age· Rental Vacancy Rate*· Homeowner Vacancy Rate*· Educational Attainment Rate (High School/GED & Bachelors)· Number of Housing Unit· Rent to Income Ratio*· Rent to Price Ratio*· Population on SNAPS (supplemental nutrition assistance program) percentage· Property Tax Rate*· Median Age of Buildings· Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)· Median Rents by Number of Bedrooms· Population Change (Births, Deaths, In-Migrations, Immigrants)*note that some of the metrics are composites that are computed by comparing two or more variables from the ACSA number of the variables above can also be broken up into cohorts, which will give you even more insight into how an area is doing.
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6 February 2020 | 9 replies
I have been looking into long distance BRRR and have ample funding available from family/friends as soon as I feel comfortable spending OPM (which isn't this year probably).
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4 March 2020 | 15 replies
@Matthew Kresky Be aware that the BRRRR method in some cities/states is a very difficult method to attain.
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13 February 2020 | 9 replies
From my research, personally I believe that will be very difficult to attain, on net revenues accounting for PM fees, maint, capex, utilities, etc.
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6 February 2020 | 0 replies
we were able to attain great financing in a high rent area.
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7 February 2020 | 2 replies
Once you realize that very little, if anything, will be given to you and that there is no easy way from A to B, expectations can begin to become much more attainable.