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14 September 2021 | 5 replies
Stick to fundamental buy-and-hold real estate...noting glamorous or fancy...If you have safe, clean, and appropriately priced units...focus on C-class value add, and maybe consider working with the local housing authority to accept housing choice vouchers, you will have long-term occupancy, debt paydown, and equity build for life.Investing is relative, and I doubt your main motivation to invest in RE is to contribute to the list of "25 fastest growing cities in the US"Best of luck
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4 October 2021 | 6 replies
Hi @Charlene Green,Great to hear you're looking to get started with Real Estate Investing!
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13 September 2021 | 6 replies
The 20-25% down maybe a blocker from purchasing it from the start in a LLC, but my recommendation would be to plan to refinance into a LLC as soon as there is enough equity to do so in order to keep things “clean”.
15 September 2021 | 20 replies
Post all your numbers including your down payment, or will you pay cash.It sounds like a super great deal for a person who knows how to do the project with the least amount of time and hassle, but the major problem may be the rents are to low to cover future expenses like the cost to clean and make repairs when tenants move, for water heaters, furnaces and repairs, roof repairs, etc.
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21 September 2021 | 7 replies
High risk of being hassled.You'll need to have house clean and ready for someone on Friday afternoon to be able to rent for the weekend.Long weekends you might need to back that up to Thursday.
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21 September 2021 | 6 replies
Been thru 3 cleaning people. 2 were great and one not so much.
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22 September 2021 | 7 replies
If they're "duplex" quality carpets then you should be able to clean them yourself.
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22 September 2021 | 13 replies
It just says "For one house/dwelling the first months rent to clean, photograph, screen and place the tenant, and 10% of the monthly rent to manage it."
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23 September 2021 | 11 replies
For those who haven't read it, Part 1 is about building up your first $25,000+ in cash or equivalents through a frugal and economic lifestyle, or as David Greene would describe it, through good defense.Now that I've gotten to this point, it's time to move to Part 2, which is using what I've saved up to start building up income producing assets and scaling my income so that I can go from $25,000 to $100,000 in net worth.
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29 September 2021 | 7 replies
Always make sure you are clear as to what the clean up/haul away plan is and who is responsible.As far as what jobs I use this on, as a lot of things, it kind of depends on your risk tolerance.