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22 May 2024 | 77 replies
I work out of state so I'm only home on the weekends, also I don't have a large amount of capital for direct mail.
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22 May 2024 | 7 replies
If you were to partner with another more experienced investor to purchase a short term rental, do a cost segregation, and "materially participate" then you could gain the benefits you are looking for without negatively cash flowing, and you could work out a deal where you maybe only have to materially participate for the first year to claim your tax benefits and then you can act as a more passive investor.
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19 May 2024 | 15 replies
So tenants that don';t work out can be stuck in a room for 2 months while the slow eviction process works through.
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20 May 2024 | 13 replies
Renting to students in majors that are study intensive (STEM) can cut down on the damage and engineers like to fix things.
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21 May 2024 | 10 replies
The high visibility of listings on these platforms often leads to intense competition, making it challenging to secure deals that align with your investment criteria.I highly recommend identifying a target market and cultivating relationships with local wholesalers operating in that area.
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23 May 2024 | 43 replies
Not because it would only attract low class purchasers.I've learned that making a place a little nicer than average, going slightly under max possible rent and truly screening tenants has lessoned all the negatives and resulted in long-term good tenants.on the negative:If you want to use these properties for a portfolio loan or any other kind for that matter your struggle is a lot more intense possible but harder.
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22 May 2024 | 10 replies
Ok, so don't mind me - I dropped your whole write up into Chat, and this is what it came back with for me:Let’s dive into the numbers together and see what we can work out about this owner financing deal you’re considering.First off, the idea of selling the house at $315,000 when its market value is around $260,000 definitely swings in your favor financially.
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21 May 2024 | 1 reply
They prioritize properties with versatile layouts and multifunctional spaces that can adapt to their evolving needs, whether it's a home office, workout area, or entertainment space.
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20 May 2024 | 32 replies
The French doors were painted, so this was also labor-intensive.
20 May 2024 | 11 replies
@Andrew Lopez, in MANY cases for the numbers on a BRRRR deal to work out the property needs to be very distressed and often not eligible for a traditional loan for the initial purchase.