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31 December 2024 | 57 replies
If this is a problem tenant who continues breaking rules, that's something you can work on later but for right now you should do the right thing and look into this.
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15 December 2024 | 1 reply
I set clear rules: no cooking, but guests could use a microwave, toaster, and coffee maker.
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19 December 2024 | 13 replies
I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k).
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18 December 2024 | 9 replies
Start by researching areas that fit your goals, understanding financing options like FHA loans, and using the 1% Rule to evaluate deals.
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19 December 2024 | 21 replies
It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.
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6 December 2024 | 2 replies
Unless your all cash (no HML or PML), the 70% rule minus rehab is still my go-to rule of thumb.
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13 December 2024 | 3 replies
Asking in the correct forum will get a better response.Read the RULES!
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19 December 2024 | 5 replies
A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.
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17 December 2024 | 13 replies
They actually failed to pay taxes in 1983 as well according to the follow up article below. 2 years later in 2017 the County reversed the sale voting 7-4 against “these out of town speculators trying to make a big payday” and for the fine people of their district. https://www.sfgate.com/politics/article/SF-supervisors-to-vo... well if the county sups could unravel it then the rules have certainly changed from my days of buying CA tax sales in the 60 70s and 80s.. once they went to bid 4 assets and away from the live auction the screaming deals were done.
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16 December 2024 | 4 replies
I am going through the regulations and restrictions in that place (not a closed community but there are some rules).