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Been researching real estate for a few months, still not understanding how investors make their money!If the cashflow is around $100 a month for a house, I would need 30+ houses to have a livable wage from the cashflo...
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We are close to buying a 4 bed 3 bath single family home in Destin FL. It’s in a great neighborhood with a pool 20 yards away and the beach is a 50 yard walk. Anyone have any recommendations on buying and renting out?...
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Please do a deep dive on an example. Why you did it?, What was the financial outcome of trading up your property. Was the income less, more or the same. What was your strategy? If you are an intermediary please sh...
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I'm a new investor seeking my first SFH. I have enough cash to cover a 20% down payment and repairs but would like to use as little of my own money as possible. I plan to buy in the next 90 -120 days, then cash out re...
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So I totally understand how to add value to a rundown property by doing the work myself -- it's good old-fashioned sweat equity (more properly termed "trading time for money.")What I don't understand is how it works t...
Hi all,My wife and I bought a 2/1 condo in 2005 for $435K in San Mateo, CA. Due to our children's schooling situation we had to move into a San Francisco rental and rent out the condo which we have done since 2010. We...
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Ok, so my girlfriend's dad just passed in Kansas City. He owned a home jointly with his 86 year old mother (or so we thought). First of all, he had no will. Overall he didn't have much anyway, so not too big o...
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Hello,I rent out the first house I bought. I have had the same renters since May of 2014, almost two years. I have charged them $1400 a month and never raised the rent. I would love to get some feedback from this comm...
How do these numbers look on a spec deal? Enough return to justify the risk in your opinion?Lot: $325,000Construction costs: $450,000Financing costs: $35,000 (est.)Closing & commissions: $40,000 (est.)BREAKEVEN: ...
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Every calculator has stuff that seems irrelevant or is not true to the situation. My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it fo...