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15 February 2024 | 12 replies
I can see that this will do well in similar locations where rents are highest and people are looking for additional income.
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16 February 2024 | 8 replies
The seller is tired, which means there's a very good chance the contracts aren't that great, the properties are not well managed, a percentage of the tenants may be problematic, etc.The income per door, per month is probably low considering your location and average rents.
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16 February 2024 | 9 replies
Setup, marketing, sales & management.Their Goal: Develop steady income for the firm to combat dips in sales.My Goal: Develop my own business.
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15 February 2024 | 10 replies
Best practice is to have equity that you can sell if this happens or you are positive your W-2 income, good credit and equity position will allow you to refinance fast to another lender in the future if this happens.
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17 February 2024 | 19 replies
For your Cleveland BRRRR adventure, zoom in on neighborhoods that look promising, learn about property values, repair costs, and potential rental income.
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16 February 2024 | 8 replies
@Schuyler Covert Focus on establishing your job, income history, credit, and savings account.
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17 February 2024 | 21 replies
In terms of financial feasibility, while your plan to accelerate savings with rental income is sound, you must factor in rental expenses, Cincinnati living expenses, and travel costs for regular trips between Charlotte and Cincinnati.
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15 February 2024 | 10 replies
It's strange that you've had little interest in the portfolio of properties...unless they're not producing income or improperly priced based on location, condition, etc.
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16 February 2024 | 22 replies
My theory is that not too many people want to buy them - the people living in those areas don't have a high enough income, credit score etc to purchase at 7% interest rates and it's investors who have a high risk tolerance who will buy them (like me and I don't have a high risk tolerance, just made a bad decision).
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16 February 2024 | 12 replies
The good thing about Jacksonville, FL is that Florida does not have a state income tax.Georgia does have a state income tax.The one important thing to recognize about Georgia is that they don't recognize bonus depreciation.