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22 August 2024 | 2 replies
Make sure to have clear documentation of regular, on time rent payments and the agreement clearly laid out.
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24 August 2024 | 18 replies
Rent and condo fees (if applicable ) are regular, insurance and property taxes are once a year, repairs are random and (hopefully) infrequent.
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20 August 2024 | 6 replies
It will likely be more difficult to rent to a able-bodied tenants and much easier to rent to disabled tenants, possibly at a premium since it is (almost) ready to go.
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25 August 2024 | 61 replies
But then you mention fins so that suggests a regular window.
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23 August 2024 | 21 replies
When I managed properties the owner would regularly call me in his office.... why did we spend $1/sqft to paint this apartment, why did we replace a fridge, what does it cost $2500 to do a simple make-ready on a 1 bedroom luxury apartment?
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23 August 2024 | 9 replies
In a loose sense, I would call any lender a "partner" too, since they will require not only your monthly payments, and will require regular reporting as well on the operations of the property (but this is a more semantic and philosophical discussion).But, ways you can try to come up with that money: refi your home and/or investment properties.
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21 August 2024 | 3 replies
Capital Expenditures (10-15% of Income)Rule of Thumb: Reserve 10-15% of your income for capital expenditures (CapEx) like roof replacement, HVAC systems, or major renovations.Why: Regularly contributing to a CapEx fund ensures you have the cash on hand for significant improvements or replacements, preserving the value of your properties.5.
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21 August 2024 | 5 replies
The R2R community is great and they offer tons of educational videos and regularly host webinars with their network of lenders, tax strategists, developers, etc.
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22 August 2024 | 18 replies
I have a few realtors that recommend me regularly and they would not take a referral bonus even if I offered one.
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20 August 2024 | 50 replies
If the property owner claimed a homestead exemption for their real estate taxes for the year of the foreclosure, then there is only a six month right of redemption, rather than the regular one year right of redemption.