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29 May 2024 | 8 replies
Are you changing layout and have to move drain lines, gas lines, water lines to new locations?
27 May 2024 | 14 replies
Once you're ready, create a goal (e.g.
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28 May 2024 | 0 replies
Currently I’m new as far as leveraging what I have and moving forward from finding potential great deals to closing deals with creative financing.
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28 May 2024 | 9 replies
I'll be moving up that way soon maybe we can grab a coffee.
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27 May 2024 | 7 replies
To be successful when you get into investing, you need to have savings, a lot of it to get started and have reserves.You can't house hack with limited downpayment, mediocre credit, and a lower income new job so your goals now should just be to focus on making money, taking care of your dad, and learning about real estate if you really think it's a think you would like long-term and not just the thought of passive income.
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29 May 2024 | 5 replies
You also need to consider that once someone signs a lease, they typically won't move in for 2-4 weeks.
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28 May 2024 | 4 replies
I'm in the process of buying my first flip and I want to move in while fixing this property.Any advice is appreciated.Thank you
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28 May 2024 | 1 reply
For an upcoming turnover I have scheduled (current tenant moves out at end of June), I was able to identify, approve, and sign a new tenant within 1 week's time who will be taking over July 1st.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.