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TLDR; What are the "Rules of Thumb" for STR acquisitions? In long-term rentals, there are plenty of rules of thumb that help you quickly decide if a listed property is worth pursuing. 2% rule, positive cap rate spread...
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How are you determining windstorm and flood insurance costs for properties in the south Florida market? For those of us who cannot pay cash and require a loan, banks require windstorm insurance and many times flood in...
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My current bank has changed the rules on me. Typically I buy distressed homes with cash from a LOC set up for my LLC. I then rehab with my own money, and convert these single family rental homes to a mortgage base...
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Helllooow CAP rate chasers! I am writing today as I have too have made this mistake! I bought a " great deal, " but did I? The fact is that I had failed to really look at the market trends for the city. When people t...
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Hello Everyone,This is my first post on BiggerPockets. I am a Real Estate Investor in the Austin, Texas area. I started learning about Real Estate Investing around July of 2015. I am currently working Full-Time and in...
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I keep coming across posters asking for advice on how to “scale” their investment or business activities. What they’re missing is that they first need to ask “Is my business / investment process scalable? Here’s, th...
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Hello Bigger Pockets,This is my first post on Bigger Pockets! I've been commenting and connecting here and there but decided I need to just jump in instead dipping my toe's one at a time.After listening to the podcast...
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Welcome to our new Question of the Week! If you haven't checked out BiggerPockets' newest podcast "On the Market", you need to check it out. (Seriously, it's analytics that won't put you to sleep!) With a rotating gro...
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If you own property, particularly any property that is not your primary residence, please be aware and get involved! The passing of this proposition will nearly quadruple property taxes for short term rental propertie...
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Hello everyone,My name is Dale. I'm a 23 year old Michigan resident and I'm seeking advice on how to get started making money in the real estate industry.Quick background on me, I'm a licensed contractor in my state a...