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11 November 2024 | 4 replies
Should I go ahead and install that?
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7 November 2024 | 10 replies
Remember to keep pushing forward and reach out for help with any questions or fine-tuning your game plan.Good luck!
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12 November 2024 | 7 replies
As long as your out of pocket expense every month is equal to or less than what it would be if you rented somewhere else then you are still technically ahead of the game.
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16 November 2024 | 12 replies
With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.
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11 November 2024 | 6 replies
They may be paying down your mortgage, but if you sold that house and bought a rental in a good area that cash flows...you'd come out further ahead.
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26 November 2024 | 86 replies
Concrete cost is an exposure since we can’t contract ahead.
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14 November 2024 | 12 replies
Secondly, he again did not fully disclose everything and was pushing for the signature on the final closing documents, in them he has 2 seperate title agencies involved as well as a third party construction company listed as the policy holder for the insurance for the home, and the figures for sale are different from those on the sale agreement document that I did sign, with clauses included that state if the title is not free and clear that the buyer has the right to sue me for insurance purposes and to cover the silent second mortgage that I was only informed of because the title agency called me to say something was up after arranging the notary to come to me to sign the final documents (at which point I said no and had a copy of the closing documents emailed to me), and again the so called real estate agent negotiating the transaction is listed as the buyer (under the guise of being part of ushomebuyers.com, same as the agreement to sell).
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11 November 2024 | 20 replies
Also you have locations like SW phila that were heavily pushed onto investors chasing BRRRR.
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9 November 2024 | 17 replies
Its not cost effective for him (even if billing by the hour) nor for the client to deal with it because most people just screw it up.I know there are lots of people pushing for self-directed accounts.
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11 November 2024 | 8 replies
This will push people into the market to buy, with this higher demand and after the 7-9 month supply that we already have starting to dwindle down I see prices rising in some markets.