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17 January 2025 | 28 replies
I specifically want to call out one of their Senior Accounts Associate, Charlotte Cunningham, who helped me through the process on my first purchase as I needed to buy a sizable amount of furniture quickly and she was able to help me make moves quickly...and didn't make me feel bad whatsoever when I pulled back a few items at the last minute I was able to find them cheaper elsewhere.
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21 January 2025 | 8 replies
Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.
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23 January 2025 | 1 reply
Did you finance this deal with a local bank or credit union?
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22 January 2025 | 1 reply
This just seems like it puts me in a potential bad situation if something goes wrong during the process.
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29 January 2025 | 12 replies
If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.
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11 February 2025 | 30 replies
although we bought about 6 years ago or so for 270 put 100k into it so you can do the math no debt .. hoa 400 we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves..
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13 January 2025 | 7 replies
Solar has an energy credit and Starlink is deductible as business expense.
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11 January 2025 | 7 replies
My current rental property manager is not responding to my emails and my phone calls since one month . How to get rid of this PM while I was PMA expire with in 2 months and how to deal with tenants not to pay rents...
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10 January 2025 | 4 replies
And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?
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25 January 2025 | 14 replies
If you're comfortable with waiting 3 years, maybe that's not a bad decision since the building has a foundation that isn't going to fall apart, but yeah it's good that you are figuring out what you need to know to be ready when the time comes.