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I posted the other day about creating a more defined criteria for my flipping purchases. I'm moving my business to a more metro area early next year and am trying to define my criteria better. Where I am now is rura...
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Who is an established investor in Detroit with a good portfolio that needs an apprentice that can help with the tedious jobs while you mentor?
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Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
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I have decided to open a self-directed IRA to invest in rental property. I was wondering if anyone could recommend an IRA custodian that I could use. I'd like one that is easy to work with and has reasonable fees...
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Hello BP! As I am continuing to work on a real estate investing plan I began wondering what DIY skills my team and I should learn to do. What do you feel are the top 3 skills to do yourself rather than hiring a contra...
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Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...
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I have a question for my fellow STR specialists. First thought a story! :-)I recently traveled to Omaha NE and found out the Airbnb I was staying at was clearing $50K/ year!!! (It was a SFH with 4beds and 2 baths). I ...
Hi guys,I need some advice from the pros on if and how I should try to grow my parents real estate portfolio. My dad invested in some real estate 10-15 years ago. He has 6 investment properties and his primary home. H...
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BP, what's up? The title is pretty straightforward to my situation. I have $10,000. How can I turn this into $1M overnight? Thanks!Okay, I'm only joking. If you're still reading, I'm assuming you're patient enough to ...