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3 March 2024 | 2 replies
You will run out of money for down payments quickly buying rent ready rentals & the STR income can fluctuate greatly depending on the season / state of the economy.
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3 March 2024 | 2 replies
Are you planning on a) using a GC to run the Subs, or b) are you planning on acting as an Owner/Builder and hiring Subs yourself?
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4 March 2024 | 71 replies
All of the good reviews I read are similarly about the community but are not backed up by any hard facts (deals/dollars/doors acquired).
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2 March 2024 | 5 replies
Hi @Sequaisa Mcphearson, most people won't want to share trade secrets like this, because they are afraid their local competition will see the tricks and get more doors...But hey, I'm here to help, so here goes:-First, don't assume your market positioning is correct.
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1 March 2024 | 3 replies
Although I plan on having a title company run a title search and run and O&E report on any property I plan to bid on, I've still spent a lot of time understanding the typical foreclosure property due diligence- looking up the owner and property details on the PA site, looking up the various public records, liens, etc. and trying to understand the chain of title as much as possible.
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3 March 2024 | 7 replies
If we were running a cap rate on these you'd have a worse return than just going and getting some CDs from your local bank and YOU would then have the fun of dealing with tenants paying less than 50% of market rates (assuming your numbers are correct).There's no deal to be had here unless you can bring her down significantly on her ask.
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1 March 2024 | 15 replies
I own 14-doors there myself.
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1 March 2024 | 15 replies
While something like the 2% rule is not something you'll see in our area with out forced appreciation, you can find .5% with cash flow of $200+ a door.
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3 March 2024 | 53 replies
If their email is gmail, aol or another then run if it’s not a domain with a website
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3 March 2024 | 10 replies
Did you run into any issues after gathering the report?