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22 November 2024 | 5 replies
to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.
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20 November 2024 | 1 reply
To be safe, consider starting with standard percentages or slightly reduced figures until you have reliable data on the property’s performance.
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20 November 2024 | 45 replies
On another note something that would reduce general inflation is getting rid of the laws that force (limiting competion) auto manufacturers to sell cars through a franchise dealer model.
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21 November 2024 | 10 replies
or you can buy down your rate or pay points to reduce the interest rate as this is a commonly way to reduce your monthly PITIA payment.
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22 November 2024 | 92 replies
A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.
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19 November 2024 | 12 replies
I can carry them forward, but it doesn't reduce my actual gross income.
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18 November 2024 | 2 replies
As everybody has noticed the increase in materials and labor has skyrocketed which has thrown a wrench into condominium reserve studies.
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21 November 2024 | 2 replies
If you have a wider variety it will reduce the risk with your investment.
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27 November 2024 | 48 replies
If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.
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19 November 2024 | 3 replies
Rents could continue to fall, and the cost of labor rise dramatically.https://www.cnn.com/2024/11/19/economy/new-home-undocumented...