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31 December 2018 | 5 replies
I would try and negotiate it down and if you can't get the seller to consider the $70-80K number then try and negotiate some of the larger repair items to be handled by the seller or seller financing (since you mentioned some concern about financing).As for the driveway issue, owning both properties makes it alot easier for you to obtain a "right of way" easement that will allow both property owners in the future to access their respective homes.All in all, if you are able to confirm that the properties in this area do generate a comprable rent to what you are getting on the first house and you are thinking about applying the BRRR method you should be in good shape weather you get them for $70k or $105k.
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1 January 2019 | 34 replies
Anybody with web access can find properties easier than falling off a log.I signed on with a C21 office that's almost 45 minutes away from my home because I have a ton of respect for the managing broker.
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31 December 2018 | 3 replies
Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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31 December 2018 | 5 replies
Respectfully,James Casella
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1 January 2019 | 9 replies
When a tenancy ends due to the death of a tenant you need to make sure you do what is required by the laws of your jurisdiction and act in a respectful and sensitive manner.Typical steps:Secure the premises.Notify the authorities.
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3 January 2019 | 13 replies
Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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1 January 2019 | 1 reply
I'm getting property tax numbers from Zillow, closing costs from my last loan (which were considerably more than what they're going to be on anything I'm looking at buying), interest rate higher than what I can get a loan for, even throwing in an additional grand for extra charges by the lender, no cap rate because this is a sfh, insurance estimate from Zillow, future assumptions in the calculator are 3%, 3%, 3%, and 6% respectively.
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29 September 2018 | 6 replies
And important that you gain their trust and respect during this time.THE FOURTH MONTH - THE COMFORT PHASE:The Fourth Month through the first year is THE COMFORT PHASE: the tenant becomes accustomed to your rules and is starting to feel comfortable.
13 January 2021 | 243 replies
If you have numbers for "hourly salary" and "total worth of the Dow" from 1971 that differ drastically from $5.86 and 5550, respectively, I'll gladly recalculate.
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1 October 2018 | 21 replies
I met one of my business partners in one LLC at the gym and he’s one of the most respected GC’s around.