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005 - Fargo's crazy twinhome market, RE investing with $10K, cost breakdown for your house hack
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Subscribe to the Midwest Invest Report and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe
In this episode of the Midwest Invest Report, Kyle discusses the twin home market in Fargo-Moorhead and the costs involved in getting a house hack.
Takeaways
- The twin home market in Fargo-Moorhead is currently in high demand, with limited supply in certain areas.
- When investing in real estate with $10,000, it is important to consider the various costs involved, such as earnest money, inspection fees, and lender fees.
- Negotiating closing costs and utilizing state assistance programs can help reduce the financial burden of buying a property.
- Re-reading a book can provide new insights and perspectives, especially as personal circumstances and knowledge evolve over time.
- Post-closing costs, such as lawn and snow maintenance, equipment, rent collection systems, and professional tax services, should be budgeted for in real estate investments.
Chapters
00:00 Introduction and Twin Home Market
07:28 Real Estate Investing with $10,000
08:25 Costs Involved in Getting a House Hack
19:52 Post-Closing Costs
21:04 Conclusion
Subscribe to the Midwest Invest Report Today: https://midwest-invest-report.beehiiv.com/subscribe
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