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22 October 2024 | 7 replies
This helps reduce operational costs and increase efficiencies, hopefully giving the landlord back time to spend on other areas of the business.Market Trend Predictive Analytics: There are AI algorithms that can analyze large amounts of data in order to predict property values and future market trends.
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23 October 2024 | 13 replies
Pergo is known for its durability and ease of installation, which could give you a clean finish and reduce maintenance costs in the long run.It's wise to consider all these factors as you make your decisions.
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29 October 2024 | 131 replies
It would be nice to actually have someone from the FB group shadow a person of their first walk through BRRR or wholesaling, before investing in a 9k mentorship program.
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23 October 2024 | 15 replies
You should also ask if they do cost segregation analyses, as that might be extremely helpful in reducing your income tax liability.You could pay a CPA to prepare your tax return for this first year and learn as much as possible from them.
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20 October 2024 | 8 replies
This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.
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20 October 2024 | 14 replies
This is because lenders see cash-out loans as higher risk, especially with investment properties, so they limit the LTV to reduce exposure.
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21 October 2024 | 13 replies
Going to have to reduce to cut down on vacancy.
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21 October 2024 | 4 replies
They follow a straightforward process that has proven successful throughout history: increase earnings, reduce expenses, save as much as you can, invest as much as you can, and wait patiently.
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23 October 2024 | 28 replies
Plus, replacement parts are easy to source if needed.CB2/West Elm (Sales Section): Higher-end, but you can score deals on durable, modern furniture during sales.Local Furniture Stores or Liquidators: Sometimes you can find high-quality, durable items at reduced prices, especially in stores that cater to hotels or corporate rentals.Second-Hand/Consignment Stores: Gently used pieces, particularly mid-century modern, can be very durable and unique.I do NOT recommend Wayfair as I ordered from them and the furniture came back damaged and low quality.
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20 October 2024 | 11 replies
Most leases you can purchase are generic in nature and do not equip you with very helpful tools to manage your property in the most effective and efficient manner, lowering costs, reducing liabilities, creating revenue centers, etc.