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12 September 2020 | 5 replies
Here are some tips:Choose a market with healthy year after year growth (can do some research on google) Choose a market with a reasonable ARV (200-250k is my preferred Average) Begin building your buyers list - join every facebook group in that city and continue to network here on biggerpockets with cash buyers in that marketWhen it comes down to photos I have the homeowner take some and for showings I hire 'boots on the ground' which is someone to go and show the property to a few investors for me - I pay them $50 for the showing.It's 2020, anyone who believes virtual deals can't be done is staying behind.
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11 January 2021 | 2 replies
The rest of my time I am using to start my real estate investment career.I am currently looking at developing student rentals in Uppsala, Sweden by using shipping container apartments.If you are active in Sweden, want to learn about the Swedish market or just grab a virtual coffee – reach out to me anytime!
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11 September 2020 | 0 replies
A bank I recently spoke with told me they can not open an account with a PO BOX and the person was unsure if a virtual office would be accepted.
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3 November 2020 | 17 replies
@Hannah Joy Go to some virtual MeetUps and you'll naturally find someone you feel comfortable asking general questions to.
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6 October 2020 | 14 replies
For one property I'd say you can probably handle the communication and day-to-day logistics on your own though if you continue to expand and add more properties to your portfolio I would definitely suggest a virtual assistant to handle the guest communication.
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14 September 2020 | 8 replies
Lack of reporting re: virtual currency is on the rise as well.For rental properties, honestly if you are audited for this, then the tax preparer usually screwed up royally.
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4 October 2020 | 3 replies
Hey John,I would just have a virtual assistant go in and find all of these types of fields and then highlighting them for you.This would take the tediousness of you doing that yourself and you can just focus on reviewing the highlighted rows.
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18 September 2020 | 5 replies
As Michael mentioned, most of us work virtually, so finding a qualified CPA shouldn't be confined to physical proximity.
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12 September 2020 | 4 replies
It can be an extremely powerful strategy when doing what is referred to as BRRRR (Buy Rehab Rent Refinance Repeat) If it's a great deal you can virtually pull all of your initial investment back out and own a cash flowing rental property for no money out of pocket.
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24 September 2020 | 5 replies
I brought $600 to the closing of my second deal, so virtually no capital.