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18 April 2024 | 16 replies
Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.
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18 April 2024 | 1 reply
Yes, my advice would be to find the person in your market doing what you would like to do at a large scale, e.g. wholesaling, and figuring out how you can provide them value.
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18 April 2024 | 8 replies
There was a set price and he never bought it back.Yes, your local REIA is a likely place to find an interested person, but don't overlook BP.
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17 April 2024 | 5 replies
He would probably be the first person to ask since he knows your personal situation better than anyone else here could.
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17 April 2024 | 35 replies
@Daniel Kauffman for one, I didn't like the lack of control over my own rental and it took the personal aspect away.
18 April 2024 | 7 replies
I personally invest in Antwerp, have couple of single apartments, now trying to jump into multifamily deals in city and surroundings.
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17 April 2024 | 13 replies
My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.
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18 April 2024 | 8 replies
But they definitely heard a story from another person that never owned one about how expensive it is.
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17 April 2024 | 1 reply
Have you found a solution (be it a person or technology)?
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18 April 2024 | 10 replies
If you intend to do the rent by room strategy the ideal situation is for each guest to have their own bathroom or, at the most, to have to share it with one other person.