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27 April 2024 | 15 replies
:) G'Day Zair,Just commented the same to another fellow looking to do something similar to what you are.I think that BRRRR from out of state is very risky business.If I was you, I'd continue immersing myself in everything and anything real estate related.Come back home to the US and start in your local market.Using leverage should only be reserved once you already know what you are doing and you have experienced the income/expenses over a few year period.I've always believe that "Cash is King, Cashflow is Queen and Finance is the Peasant" lolIn your local market or a market of your choosing you can buy, fix and flip or buy, fix and refinance.But I suggest you buy, fix and flip until you have enough cash reserves to buy, fix and hold without it affecting your cash position for future deals.Build a strong foundation without leverage and only then start looking to refinance or finance.30-50% of your portfolio should be un-leveraged.It's a slow process but all good things take time.Just my opinion and wishing you much success
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25 April 2024 | 6 replies
It's very attractive to residents in the area because of the school district.
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28 April 2024 | 10 replies
Many locals have adopted policy to allow these units if they meet code that’s been adopted to make them viable.
27 April 2024 | 0 replies
*Hibid.com is online local auctions that you can bit on and then drive to pick up your purchases.
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26 April 2024 | 14 replies
However, I wanted to start meeting and networking with the local Real Estate Investment community.
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28 April 2024 | 13 replies
I am currently on the market looking for deals locally and out of state in OH.
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27 April 2024 | 4 replies
For years we had a local chattel lender who took on higher risk loans for those without the large down, not super high credit, and on older homes.
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25 April 2024 | 1 reply
We were also looking for a location that would attract decent tenants but still be affordable.
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27 April 2024 | 2 replies
Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.
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28 April 2024 | 6 replies
I continue to be flabbergasted at the local politicians who pass all these tenant friendly laws creating mounds of paperwork with a myriad of details and are surprised by why there are more evictions.