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My wife and I decided a few months ago that we would buy a rental property. We took out a $50K HELOC that we will be using for our down payment and reserve.
We live in upstate NY, so we are looking to invest out of s...
Has anyone encountered a scenario where it made sense to overpay? Sounds strange, but let me explain with a hypothetical situation.- Large MF property is for sale (several million dollars).- The property is in decent ...
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Hi! I am not sure if this is the correct forum to post this in, but I just purchased a vacant lot in Haines City, FL through the county tax auction. I'd like to flip it quickly but I am not 100% sure on my next step...
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Am i wasting my time looking at sites like Trulia, Zillow, Redfin, and Realtor.com for investment rental properties?If so, what online sources should i be focusing on?Any input on the subject would be appreciated.
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Hi All,
I read somewhere a good rule of thumb is a 30% equity purchase price. I guess the idea is that after closing costs and other potential fees there would still be enough left over to be a good deal. (I guess th...
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How do you assess the dollar value for damages on items that are not easy to repair but still have useful life and aren't due for replacement? I'm not talking about normal wear and tear. I'm talking about obviou...
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I've been thinking about this for quite some time. It seems like renting from yourself (or through an entity you own) would be a great way to reduce expenses/taxes overall. Renting from yourself would have a few of ad...
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So I was thinking with the luxury condo market slow down and the large inventory we have currently (some condos still under construction, I work on one) there will be deals on older condos next year. Do you think it w...
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Hello,I am having a hard time running my numbers for STR investments, because I don't currently trust AirDNA. Depending on the neighborhood or city, I am finding some significant revenue pockets that make the number w...
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Can you simply make an offer to the bank on an REO as a Wholesaler that is planning to flip the contract? If you do, what contracts are used with the bank? Do they sign my Purchase and Sale agreement with all of my "o...