7 April 2024 | 6 replies
Higher interest rates and much higher valuations that cause higher property taxes are going to put downward pressure on prices for a while.
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8 April 2024 | 21 replies
It might look amazing in a couple of years.Thank you for the encouragement I don’t recall the last time I was this stressed about rental purchase, that’s what I keep tell myself that number works, even if it under perform, it should still work in my favor, I think it’s the unexpected siding issue throws me off and makes me think about all the negative things about this dealalso number is larger than i normal target range (70-150k) small 2-3bed rental 7.625% interest rate probably pressures me a bit too
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6 April 2024 | 7 replies
The combination of hot long summers (soil dries out) and lots of moisture in winter and spring (saturates the soil) causes the ground to constantly expand and contract.Out of state investors get freaked out by foundation issues but being that its such a normal occurrence, you have a plethora of foundation companies that know how to fix them with relative ease.
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8 April 2024 | 37 replies
If rates go down it will put upward pressure on home prices.
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5 April 2024 | 1 reply
With inflation concerns on the rise, how might real estate investors adjust their investment strategies to hedge against potential inflationary pressures?
7 April 2024 | 7 replies
But you know it puts a lot of pressure on you.being that you had to get 75 or 80% on the test you could only miss a few !!!
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5 April 2024 | 11 replies
I mainly stay in this area for ease of management.
5 April 2024 | 8 replies
Your feedback make sense.1) I am in the North east so buying more doors is an arduous task so I don't plan to be a RE investor with many doors (because I won't have enough money).2) Other reason is that even if I somehow got another rental, chances of making positive cashflow given current prices/interest rates is remote (especially given I am not a seasoned RE investor).3) I don't have an urgent need for money.Given these three points, I don't know what passive profits would I apply my rental loss of $26K against...unless you can think of a way I can use this loss to ease my way into an additional rental.Else, I agree, I can hold onto the rental for as long as I need to and then sell and use the loss then.Thanks for the guidance!
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5 April 2024 | 4 replies
I don't ask for SSN and also personally have never provided/been pressured to provide them myself when I used to rent, and honestly don't want to open up liability for having to keep someone's SSN either.
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6 April 2024 | 46 replies
You would be exactly correct - in 2009-2010 there was very little change to tourism in the area, and ease of access (and overall affordability of the region) seem to be obvious contributing factors.