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13 May 2024 | 79 replies
Engineer, accountant, teacher, management and attorney are the careers most likely to produce millionaires.
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10 May 2024 | 18 replies
Work with local real estate agents and managers for valuable insights and support.Good luck!
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9 May 2024 | 13 replies
Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.
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6 May 2024 | 19 replies
A property manager should not disburse funds at all unless they have the necessary documentation from the out-of-country investor.
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7 May 2024 | 3 replies
Hi Scott, if you have some time I teach a Section 8 series for Miami Association if Realtors. it’s on their YouTube channel.You don’t need to register in advance if you are purchasing a property that already has a tenant using Section 8 you would just fill out a vendor application and the owner would sign a change of ownership.
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11 May 2024 | 8 replies
It does affect the bank's risk management processes.In the event they do require the loan to be paid off entirely, they issue a demand letter that gives you 30 days before they begin a foreclosure.
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6 May 2024 | 1 reply
Hi All,I've owned and self managed a three family off Shrewsbury Street for about 2.5 years now.
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6 May 2024 | 5 replies
The application is done with IRS Form W-7, and foreigners must provide original certified identification documents.IRS Form W-7IRS Form W-7 InstructionsThe IRS has 'Certified Acceptance Agents' who are authorized to certify foreigner investors’ original documents and process the application.
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9 May 2024 | 2 replies
My goal is to build a passive income portfolio, build equity and appreciation in properties, build a strong management system, and continue investing for financial freedom.
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10 May 2024 | 19 replies
You can also partner with someone with money to purchase a house, manage for someone, etc.