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Hello everyone! I’m based in Utah and plan to invest in long-term rentals in UT, OK, and/or TX. I plan to buy my first rental property within 2 years (by Dec. 2026). I am the first in my family to do REI and my goa...
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This sounds like a purchase and then a lease option but I'm not exactly sure. I plan on bringing in a local expert but want to get BP's take on it.
Here's the details
owner needs to sell. lets say it's for 100-110k
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OK its a SFH in a nice neighborhood in NC with mostly military families renting. House built in 1992.Asking price $139kHopefully paying 127K in cashRental income $1300Taxes $1100/yrProp management 10% of rentInsurance...
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We are currently preparing to get started with REI in the Phoenix area. Sometime mid next year.
We have some capital in our savings account. We also have some money spread around in various mutual funds; some in plai...
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Inspected one of my rentals recently (flew in from out of state) and hadn’t even got my foot in the door (with my PM at my side) when the tenant begged me to sell the house to him. He was sincere and forthright. I d...