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19 June 2012 | 34 replies
I am positioned for growth but there has been no slacking here.
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28 August 2017 | 26 replies
It makes no sense for me to be GONE from 7am to 10pm every single day, and hate what I do.I have been researching and reading and watching everything from Bigger Pockets Podcasts and forums to Motivational Speeches and Growth Conferences to DIY shows and books, I would like to buy properties, fix them up and resell them, but I'd also like that passive income that can come from buying, renting and managing my own Multifamily properties.
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30 August 2017 | 12 replies
The numbers made a lot more sense and we were able to continue growth as a result.
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22 September 2019 | 32 replies
From your original post and replies above, it sounds like you’re on the right track though: let your attorney flex some muscle with the seller/flipper/contractor, and continue to raise hell with the building department, city complaint line, or even local politicians and news outlets.
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10 July 2018 | 15 replies
You describe the area as being a good bet for future growth and for appreciation.
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23 February 2018 | 9 replies
Huntsville has traditionally been a cash flow market, though the recent growth may bring more appreciation potential.
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12 June 2018 | 21 replies
Somewhat obsessed with growth, streamlining operations for better cashflow, and more growth.
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27 August 2017 | 23 replies
No wait, don’t answer that, i’ll start another thread)Vacancy Buy in markets with strong fundamentals (pop growth, job growth, job diversity) Buy in good quality B class neighborhoods that would maintain renters even in a downturnSave 5% gross rents for vacancySave for inevitable lease up feesRent Prices Drop My numbers predict i could stay in the black even with a 10% drop in rental prices (see example below)Other At time of purchase i set aside 6 months of gross rent in cash, for reservesSample PropertyThis is a sample property is actually more like a higher c class, but i you could move the numbers up higher and see the same thing with a B class SFRPurchase Price: $60,000Closing costs: $4,000Rent $900Vacancy ~ $45(5%)Maintenance ~ $45(5%)Capex ~ $125Op expenses(tax, insurance, lease up, mgmt) ~ $162NOI ~ $522Mortgage: $261Heloc: $68(at current rate) - $160(at highest rate)Cash flow: $193(at current rate) - $101(at highest rate)I'm a little scared to ask this, but better burned on BP then in real life, so here we go.What am i missing or what did i not think of?
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31 July 2017 | 20 replies
I just created an account with Credit Karma so I can keep an eye on my score's growth as I take additional steps to improve it.