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Hi all, for some reason cap rates confuse me. I was recently told, the lower the cap rate, the higher the property value. For some reason, I always thought the higher the cap rate, the more valuable a property should ...
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I've been hearing a lot about short sales and the trend towards more of them to avoide foreclosing. I also hear that they are a lot of work and the banks frequently don't approve the offer price after working on them...
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Well today we finally closed on our first deal as REI. This deal worked out between my wife's LLC and my friend and partner who is the contractor rehabbing the home. I will send before and after photos on this thre...
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Hello AllDue to personal reasons I moved to Missouri and started working here, and after some significant life events that occurred during my time here, I quickly found out that I do not want to be stuck here with a j...
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I'm looking at both duplexes and rehabs. My question is focused on the rehab arena. What is the most I should be spending on a rehab? Not in cash terms, but in percentage terms. If I find a SF home that is in need...
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I'm getting ready to buy my first rental property. What do you guys feel is the better buy, a single family home or buying a quadplex?
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I have a contact that called me this past March off my letter campaign that has 2 duplexes, a triplex and a SFH in my area that gross about 90-95K in rent a year. One property is actually on my street. At the initia...
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Hi,
Been lurking for a while and reading everything I could. Initially when I read about the 50% rule I thought that my two rentals were bad deals, however for some reason I completely missed that escrow is part of ...
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I'm currently 18 months (1 year lease, 6 months on month-to-month) into a SF lease. I've never missed/been late on a payment and we've taken very good care of the property as it were my own (probably better than a...
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Hello everyone. So I just had a quick question regarding choosing a real estate agent when looking to buy a property. I am in the military and got orders to my next assignment in Ohio, so I posted on social media aski...