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Hi All,My wife and I are looking to purchase a vacation rental property in the Outer Banks. This will be our very first rental property. I have read a lot of books on the subject, but had some specific questions abo...
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Very soon I will be closing on a 12 unit multiplex in the chicago land area. my largest acquisition to date. I will have doubled my units to 25 units in a little over 18 months in the real estate game. Which has me no...
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I recently found a retiring gentleman trying to sell three 1\1 units in the same complex. The numbers work (in my initial research) so that the Cash on Cash Return on Investment is 11%. My questions is about the HOA f...
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We’ve all seen the dozens of opinionated posts about LLC vs. no LLC, maxing out personal umbrella insurance vs. creating legal entities, whether it’s worth it to create holding companies, pros/cons of series LLCs, and...
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I just read a story that Ford is investing $350M in Michigan plants. Is Detroit making a comeback? Good time to buy up some cheaper properties?
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Hi guys and gals,
I was wondering how did you start building your crew for a flip?
Do you hire just 1 General Contractor?
or
Do you hire sub contractors for each job?
( i.e. one for flooring, one for drywall)
W...
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Hi all,
First post, but have lurked for years. Amazing community.
I am selling a vacant parcel of land that will yield roughly $1M in proceeds. I am planning to do a 1031 to avoid capital gains.
I have developed se...
Real estate agent? Accountant? Grocery store manager? Pizza delivery guy?Just out of curiosity, what was your job before you decided (or were able) to live off your investments? Doesn't matter how high/low paying or u...
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I have recently read Landlording on Auto-pilot by Mike Butler. A good book for tips on systems, etc. However, some of the book is a little outdated. I'm trying to decide whether to begin property managing on my own...
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I own about a dozens doors and am beginning to wonder if rentals is the best way to go. Fortunately, to-date the tenants have been very good, (at least the ones GC Realty & Development) has found for me. But bet...