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2 July 2024 | 5 replies
Does anyone have an approximate cost per sqft to build new construction.
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4 July 2024 | 13 replies
Hi BiggerPockets team.I just passed NJ real estate salesperson exam and now trying to find investor friendly brokerage to hang my license.Any recommendations?
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9 July 2024 | 22 replies
This will open up new opportunities for them and potentially lead to more successful projects in the future!
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6 July 2024 | 21 replies
If it was large enough they would not have gotten a new certificate of occupancy, live in the property or been able to refinance or get another insurance policyI don’t see this as being an issue / big deal.
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6 July 2024 | 0 replies
We freshened up the interior with new paint, and a few new trim items, but mostly it was well landscaped and well cared for prior to our assuming the loan on it.
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6 July 2024 | 12 replies
So if someone is changing light bulbs out, that would be a different rate than fixing a running toilet or installing new blinds for example.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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7 July 2024 | 12 replies
Instead of having to deal with the home warranty I sent my maintenance man to Lowes to pickup and install a new one ($2k).
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7 July 2024 | 10 replies
(They need to account for both the shortage and the new higher amounts from taxes/insurance.)
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7 July 2024 | 11 replies
Pushing your wears on an new person who just asked a question is pretty low ball.