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7 November 2024 | 5 replies
I’m simplifying the numbers here to focus on the main concept, so I’m leaving out factors like expenses, improvements, property management, repairs, etc., for now.Here’s the scenario:- I bought my house in 2022 for $1MM and used it as my primary residence.- In 2024 (after 2 years), I moved out and converted it into a rental.
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4 November 2024 | 1 reply
It considers factors relevant to renting, like payment history and outstanding debt, so a low ResidentScore can indicate a higher rental risk even if it’s not a traditional credit score.For declining an application due to a low score, here’s a respectful and straightforward way to word your response:---**Dear [Applicant’s Name],**Thank you for your interest in renting [Property Address].
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31 October 2024 | 4 replies
This is f*cking hilarious
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6 November 2024 | 42 replies
Those numbers are also factoring in self management.
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6 November 2024 | 8 replies
Try to figure out what works in your market and try it out. the success you will get comes from the actual list stacking you prepare before, the more targeted list with multiple 'distress factors' you can increase the chance of them calling you. inbound leads is truly the best way to go in Wholesaling.
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4 November 2024 | 10 replies
Im not sure exactly what to do but here is what I do: First I know my market really well which I think is the biggest factor in helping investors.
10 November 2024 | 19 replies
There are many factors beyond what AirDNA tracks that can significantly impact profitability, and that's what I’ve tried to account for in my own decisions.From my experience, Cancun is indeed more expensive in terms of operational costs.
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8 November 2024 | 21 replies
I would factor those expenses in when you are analyzing your potential profits and expenses.Pittsburgh is still a lot cheaper than VA and is a great place to start.