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31 December 2024 | 76 replies
I even had one slick guru recently try to sell me on creating my own course if I joined his program for $10,000 and they’d walk me through the steps of creating it and help me market it on doing LTR, and BRRRR and when I objected and said I’ve only currently got 7 buildings now with 25 units and have sold 7 over the course of years I’ve been doing it he said we’d focus on the deals I’ve been doing where I’m getting ARVs of $200,000-400,000 and not my actual numbers of properties owned.
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19 December 2024 | 13 replies
The reality is we'll likely face the hardships of a (significant) decrease in spending and overall policy will be prohibitive at first.Feel like things will go 2 step backwards, 1 step forward.
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19 December 2024 | 22 replies
Quote from @Kevin Zmick: Deeply and truly appreciate everyone stepping in to provide advice.
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17 December 2024 | 1 reply
What steps would you recommend to minimize damages and resolve this issue efficiently?
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18 December 2024 | 9 replies
While cohosting is my initial step, my goal is to transition into a full-service hospitality management company as the business grows.
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19 December 2024 | 55 replies
This rule is part of the Securities Act of 1933, which was established to provide more freedom for businesses to raise capital while still protecting investors.Here are the key aspects of Regulation D, Rule 506(c):Rule 506(c) Filing:Allows issuers to broadly solicit and generally advertise an offering, provided that all purchasers in the offering are accredited investors.Requires issuers to take reasonable steps to verify that the purchasers of the securities are accredited investors.Issuers must still file a "Form D" with the SEC after they first sell their securities.The rule effectively lifts the prohibition on general solicitation and advertising for certain investment offerings, allowing companies to reach a broader audience when seeking investment.Accredited Investor Definition:To become "accredited," an investor must meet certain defined criteria regarding income, net worth, professional experience, or size of the entity (if the investor is an entity rather than an individual).
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5 December 2024 | 4 replies
I own about 40 props in Illinois and N Indiana and have been working on taking the next step... starting a property management company.
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8 December 2024 | 21 replies
For those who are proactive, these resources can be incredibly beneficial.3.
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14 December 2024 | 8 replies
Pretty much my first step should be work as a loan officer and then the rest will come to me?
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8 December 2024 | 1 reply
My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).