3 June 2024 | 4 replies
Think contractors, landlords, etc. possibly even finding some form of part time job with a contractor or property management company is also a good way to get hands on learning and property management can pay fairly well once you get systems down
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3 June 2024 | 0 replies
We pay down $262/month and make another $2-300/month in cash flow.
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3 June 2024 | 62 replies
Once you sign up and pay the fee you are a partner forever.
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3 June 2024 | 4 replies
But anything you do is going to take up time, might be a lot of aggravation, and has the risk that after all the work and financial investment, might not pay off to the extent you hope for.
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1 June 2024 | 9 replies
Alot of folks in this forum would love to use your money and help it grow while you reap the benefits.
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3 June 2024 | 5 replies
@Paige SeeleyThe more you put down the less you will pay in interestQuestion we ask ourselves is what do you do with that money?
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3 June 2024 | 0 replies
Avoid lipstick on the pig.Renovations like nice kitchens and bathrooms are great for rental properties, but it is not everything.A property that has been cosmetically renovated, but has no capital improvements is worse than one that has been very well-maintained, but might have older cosmetics.If I walk into a property and I see that the kitchens and bathrooms have been redone, but all the walls are plaster there's no grounding in the electrical and the plumbing has never been updated that I consider it a full gut.It's a shame to pay a premium because of a nice kitchen and bathroom only to find out that you have to rip it all apart.It is usually less expensive to do cosmetic rehab for rentals than capital improvements.
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3 June 2024 | 0 replies
We learned that persistence pays off, as navigating a short sale can be a lengthy process requiring strategic planning and continuous effort.
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3 June 2024 | 10 replies
If you want cash flow make sure you invest in a project that pays dividends right away.
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3 June 2024 | 4 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.