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6 February 2025 | 10 replies
(If you have not already) read enough books on real estate to increase your knowledge base.
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15 February 2025 | 2 replies
With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it.
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27 January 2025 | 0 replies
We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.
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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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10 February 2025 | 4 replies
Traditionally I rented my apts. usually to families or roommates.
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15 February 2025 | 11 replies
Do you have the funds to carry the payments if no one is renting it ?
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19 January 2025 | 2 replies
Might be a diamond on the rough if you can fix it up and then long-term rent.
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26 February 2025 | 10 replies
In College Station TX A lot of the investor focused agents will also help list your investment property for rent.
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18 February 2025 | 8 replies
I’d even consider finishing the basement, just well enough for me to live down there, so I could rent out ALL the units.I’d save all my cash and look to refi the property in 1-2 years out of the FHA mortgage, so I could use it again if necessary.
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23 February 2025 | 4 replies
If you're looking for local data in northern NV check out Address Income there is a rental map with hyper-local rents to use for your underwriting.