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21 December 2018 | 11 replies
You will need to have access to MLS for this step since you will need to see all the terms of the purchase of the properties (if there were seller concessions, etc.) and in order to see the condition and quality notes (C3, C4, Q4, Q3, etc) So the closer the comparables are to your home in condition, square footage, year built, BR/Ba, ans date sold the better it is for your case.And just for a quick info point using comparables that were built around your build date are fine.
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20 December 2018 | 0 replies
I started with only a few potential properties, so the rental calculator was a good tracker for me for a while, but now there are too many and I would like to make notes on progress and track follow ups I need to do.
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1 January 2019 | 17 replies
We are a private lender that also buys existing mortgage notes - commercial only.
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17 August 2021 | 1 reply
You can print the letter and the return address sticky label, but hand print the to address.
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21 December 2018 | 3 replies
Note: I have not invested in an area I have not lived.I thought it might work in my favor to use the same company for PM and representation in the purchase.
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21 December 2018 | 1 reply
What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.
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23 December 2018 | 10 replies
If a "few" years means 10 years, this would be an investment that I shouldn't have made in the first place (i.e. the IRR is far below my RROR comfort level).Note:- Cap rate is irrelevant in this case, if this property is a true multifamily then cap rate can be used to estimate your exit price, but you already know it (i.e. 200k).
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25 December 2018 | 36 replies
@Jared Smith just sign a buyer rep agreement and note on the contract that it’s just for that one property.
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24 December 2018 | 4 replies
On the ethical note...
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28 December 2018 | 16 replies
Look for 16% Cap Rate deals or better...the last deal I did started off as a 22% cap rate ended up being 14% after construction overruns, but I think they are still happy with 14% cap rate, and we refinanced all their cash out of the deal so end of day no one has personal cash in this deal.On a personal note you might not want to "lay in bed" with anyone you don't know ;)