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27 August 2019 | 10 replies
I read a few real estate investing books , YouTube videos , podcast and I think it’s time to pull the trigger .
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14 August 2019 | 4 replies
I am 23 years of age and I have absolutely no experience in real estate other than the videos, forums, and research I’ve done in the past month.
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16 August 2019 | 4 replies
Watch some videos on youtube and it should give you a decent foundation to build on.Here's a quick use case with some easy numbers:10 unit property - Purchase price $1,000,000Annual income = 10 units x $1000/unit/month x 12 months = $120,000Using 50% rule - Expenses = $120,000 x 50% = $60,000NOI = $120,000 - $60,000 = $60,000Property was purchased at a 6% cap rate ($60,000 NOI / $1,000,000 PP)---Value Add:Increase Rents by $50/unit/month:Annual income = 10 units x $1050/unit/month x 12 months = $126,000Decrease expenses by 10% - Expenses = $60,000 - 10% ($6,000) = $54,000.NOI: $126,000 - $54,000 = $72,000Assuming market cap remains at 6%New Value: NOI ($72,000) / Cap Rate (.06) = $1,200,000
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16 August 2019 | 10 replies
My wife will take her phone and take videos of the house.
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14 August 2019 | 1 reply
(The tenants in the house might not appreciate an RV being started up or backed into place at 3 AM, or somebody loading stuff into their shed at 11 PM...)Do you need security cameras or lighting on the sheds/RVs?
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24 August 2019 | 2 replies
I place wildlife cameras on my tax deed properties to identify any former owners that may visit.
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19 August 2019 | 3 replies
You watch the videos of working Mom buys 15 homes in 1 year to the guy out of Atlanta went from a 9-5 to 300 doors in 6 months and now full time investor.
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15 August 2019 | 2 replies
I would really like to hear what you all bring and look for when you view a property.Here are some of the things I was thinking about:List of things to look atInstant read electrical testerVolt meterScrewdriverFlashlightBug SprayHand SanitizerPhone has camera & calculator apps (does anyone have a favorite analysis app?)
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15 August 2019 | 4 replies
Google "velocity banking" and watch one of the shorter videos on it.
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15 August 2019 | 0 replies
I’ve been listening to a ton of podcasts, reading books and watching videos but it’s hard to know exactly where to begin or what I should do so I’m seeking advice.