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7 January 2022 | 6 replies
I assume you did your due diligence when making an offer and assessed other comparables to gauge an appropriate asking price?
7 January 2022 | 1 reply
I know the market is at a high right now and am worried that if I want to sell it in 3-7 I will have a very hard time selling it and even lose money (just comparing the buy to the sell).P.s. this will be my first rental property and just want some words of advice.
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17 January 2022 | 3 replies
Then, compare that information with how you would anticipate managing the property.
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7 January 2022 | 3 replies
@David Navidad I would see what you can do with the money you would get in either option and compare cash on cash returns.
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11 January 2022 | 4 replies
I'm not looking for luxury and opulence (though of course, that would be nice), but 1) to be able to travel (better once we establish a new normal with covid), 2) quit my 9-5 job to be able to work on passion projects/non-profit work 3) feel comfortable having children in the future and not worrying about that financial burden and 4) establishing generational wealth.I live in Denver, which feels like a HCoL ara, especially compared to my hometown in Georgia.
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10 January 2022 | 5 replies
@Zimean Vickers first observation is that your rents are very low compared to value.
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8 January 2022 | 2 replies
Or assume they will get a job with comparable pay?
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9 January 2022 | 14 replies
Each unit has one person living in it so the wear and tear is slower compared to more people living in a property.
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14 February 2022 | 4 replies
The acquisition cost is fairly small, compared to the potential earnings.
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19 January 2022 | 15 replies
Yes, you can make these work, but compared to real strategies, they are all linear returns, slow, and are not examples of the best use of your cash.