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29 June 2024 | 8 replies
A quality local RE Broker/Agent in tandem with a reliable contractors should be able to help you with full analysis of post rehab value.
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27 June 2024 | 3 replies
Hire a Reliable Real Estate Agent (you!)
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27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
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27 June 2024 | 5 replies
Are they ususally reliable?
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2 July 2024 | 108 replies
You could spend some time doing market research and eventually find a niche, an underserved market that was still pretty good with stable/reliable sales, solid comps and investor interest.
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26 June 2024 | 4 replies
It's important to thoroughly vet potential tenants to ensure that they are reliable and will take good care of your property.
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27 June 2024 | 26 replies
If you're seeking a reliable income stream, checkout Cleveland.
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25 June 2024 | 6 replies
The positive is that the payment is reliable.
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25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
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24 June 2024 | 13 replies
Obviously the answer I'm sure depends on a number of factors (affordability, reliability, etc.)