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16 February 2024 | 3 replies
We upped the rent by $75 a month on each unit to cover the bills.
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16 February 2024 | 10 replies
I was looking for specific companies that don't seem to exist.
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16 February 2024 | 26 replies
David,You do have the option of establishing self-directed IRA and transferring funds from your existing retirement account.
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16 February 2024 | 9 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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16 February 2024 | 22 replies
Here's my experience summarized about the Midwest. https://www.biggerpockets.com/forums/48/topics/1165499-whats...The "cash flow on paper" for Class C Midwest (which is almost non-existent with 7% interest rates) will cost so much in repairs, capital expenses, tenant issues and it won't appreciate enough to make up for the losses.
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16 February 2024 | 5 replies
If vacant lots aren't selling, that likely means homes aren't selling, otherwise there would be plenty of existing and experienced builders / developers ready to buy your land.
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15 February 2024 | 30 replies
@Tim Bishop its a fun business for sure.... but more to it than meets the eye as well I know there are those selling systems to do this and like all systems you get what you put into it.. when you say timber... can you be more specific Timber ( at least northwest timber) is near and dear to my heart... pre tax sale is one of the best ways to purchase.. but in the old days it was not nearly as easy to run people down like it is today.. so the tax sale was the most efficient many tax sales my dad bought 200 to 500 parcels in a two day sale. so you had it brought to you instead of hunting it down
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15 February 2024 | 13 replies
They are the source for Real Estate pre-licensing, post-licensing, and continuing education across a diverse group of real estate-related licenses.
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15 February 2024 | 3 replies
For example, PMLs can agree to covering you at the closing table and advertise only 5% down or no money down, but they will have you sign on their stipulations in terms of amount of property ownership, or control over your property in the event something happens to them.
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16 February 2024 | 8 replies
If you have a use for the new development, sell and keep going.Otherwise, approach the existing note holder about adding a second from them for the construction. that gives you a total blended rate and you own both sets of land