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23 November 2017 | 3 replies
I just need to keep my own goals in mind and keep my focus on my goals without comparing to others.4.
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24 January 2018 | 16 replies
its a great place to find like minded folks who run the gambit of highly experienced to total beginners and everything in between.. although I would say its slanted towards those starting their journey and many once they get going and have some success contribute less frequently.you have those that are in some sort of sales business so are always marketing themselves or their companies.. through writing blogs and or posting on the site with regularity.
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24 November 2017 | 3 replies
With that in mind.
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11 January 2018 | 25 replies
One other thing to keep in mind after you purchase...if you are looking to refinance the property to stabilize the rate/terms, you will need a 2-yr history of being a landlord to utilize the rental income to qualify for your new loan.
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30 November 2017 | 7 replies
(Of course that would be contingent upon you becoming an agent at that brokerage and staying there for 6-12 months or something of that nature.)Other good questions to ask them would be what are their commission splits, a breakdown of ALL fees (monthly or annually), what their commission cap is, whether they provide leads for you and if the commission changes if they do, how often they provide training and what the topics of the trainings usually are, do they provide mentoring to help you work through deals, etc.Also, keep in mind that there are fees that the Broker has no control over such as MLS access, ($300/6 mo in PA), Realtor dues if the Broker is a member of the association of Realtors ($600/yr in PA), marketing materials, cost of yard signs, networking associations to network with investors, etc.
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3 December 2017 | 22 replies
Keep in mind, these loans also come with origination fees anywhere around 1-3% of the loan amount.
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27 November 2017 | 6 replies
(Coulombs, OH and Michigan City, IN are in my mind)
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6 December 2017 | 33 replies
I imagine you don't deal with overlap of subs/Contractors being higher cost commercial work isn't your day to day and those guys don't always dabble in the residential world.I wouldn't mind seeing your sheets.
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25 November 2017 | 6 replies
In MY mind a payment stream for 5-30 years to your heirs would be a nice legacy to leave, but we are all different.
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13 December 2017 | 12 replies
I'm single so this works for me since I don't have to move a family around every 13-plus months after my Owner Occupant timeline has been met.2) I also buy low-rise condos or Townhouses with low HOA dues, they will cash flow in the area.I've been successful with this strategy, keep in mind you won't be closing on 3 - 10 properties a year with this strategy, it's strictly for the long-term buy and hold portfolio.