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15 May 2024 | 14 replies
Additional streams of income:1) Have mortgage broker present at open house (and charge them "$5000"%) to pre-approve those who want it (but don't make that a requirement to bid).2) Sell the bidder list to other investorsI have not seen any such ads in my area and I'm wondering if it's because this system is not effective or is it because nobody is utilizing it?
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15 May 2024 | 22 replies
Again, I'm not local so I'm just taking every cost and push-back on progress at face value.It's $80 per door, per year, plus the one time inspection fee, which I was thinking was $180, but don't recall exactly right now.
17 May 2024 | 9 replies
Even in the smaller markets, a life cycle of a deal can stretch out 6 months before the exit and that can cost 30k once all is said and done.I like to tell people 50k is a nice starting point capital wise.
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17 May 2024 | 11 replies
Some people purchase a property for cost segregation/accelerated depreciation purposes to save on their taxes.
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17 May 2024 | 6 replies
I can barely get firms to look at columbus with 10x years of experience thats mostly for ground up. the average house cost is still less than 100k which means you have a lot of houses to tear down still to create a housing shortage. the economics don't make it favorable for any type of investing but turn key or maybe ground up in the urban core which works in any city. but compare any of these cities, I'll take Indianapolis, Chicago, Minneapolis, and columbus and Milwaukee and pass on the rest.
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17 May 2024 | 10 replies
Its unfortunate that your closing costs increased by $3,546 in order to fund your tax and insurance escrow accounts.
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14 May 2024 | 17 replies
This mistake has cost me a boat load of money.
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15 May 2024 | 0 replies
Having a small loan on the house I talked with my banker and was told that moving the house would not effect the loan as long as the house stayed in my name.
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17 May 2024 | 8 replies
That is the cost of doing business and the risk you have to calculate.