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24 May 2024 | 1 reply
I am eager to contribute my time and effort to support the work in exchange for the invaluable experience and knowledge I would gain from the experience.Thank you,Rijul Gupta
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23 May 2024 | 6 replies
So, looking at the flips I take on, with anticipated profits in the $70k+ range, the setup costs alone are eating nearly 20% of your potential profits, and that is before any real splits with your investors, leaving both your investors and you with not a lot of money left to spread around.A fund could work, but typically, for the economics of a syndication/fund structure to work, you are looking at several million of equity, leveraged up to high single millions, if not into $10+ million range for their to be enough money to make it worth everyone's efforts.
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24 May 2024 | 259 replies
The city is undergoing major investment and revitalization efforts in all parts of the city.
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25 May 2024 | 6 replies
I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.
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25 May 2024 | 2 replies
It’s my understanding that a trust account not required for a short term rentals nor is a real estate license actually required for managing short-term rentals.
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26 May 2024 | 3 replies
You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.
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26 May 2024 | 16 replies
You need to find a good Property Management company to keep you're place rented for seasonal rentals or long term rentals.
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24 May 2024 | 100 replies
New people expecting great thing from avg places or effort will not preform.Make sure there is a city ordiance in place.
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23 May 2024 | 7 replies
Especially with the rising age of the baby boomers, I can see a growing need for accessible housing for the elderly wanting to downsize or diminish the effort of maintaining a single family home.
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24 May 2024 | 6 replies
@Liliana Bennett most HOA boards are composed of the actual homeowners.Just like there are many DIY owners here on BP, trying to pinch every penny, there are HOA Boards trying to do the same.Guessing your HOA Board members have specifically taken many possible tasks away from the PMC in an effort to save money.