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Updated almost 5 years ago on . Most recent reply
Buy and hold property
Just a question out of curiosity. I’m a novice investor trying to get good at the analysis report. My question is, Is it normal for expenses to go up when your house hacking ? Aren’t Expenses meant to decrease?
Most Popular Reply
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- Real Estate Consultant
- Mendham, NJ
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Expenses only go up when initial repairs are either ignored or done without integrity. Many investors get their first property with all their money and don't have the reserves for repairs. Something that would have cost $150 to fix in the beginning could turn into a leaking $2,000 in no time. So it's not really scalable by a calculator or analysis, it is always dependent on the property, the owner's willingness to do timely repairs, and the general upkeep.
- Jonathan Greene
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