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5 August 2024 | 21 replies
I like Bhargav's suggestion, maybe using a combination of leverage and cash if you have $1 million.
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2 August 2024 | 8 replies
-If I buy using a title company, the title company will make sure I get all debts and liens payed off and I should have no problems getting the house free and clear.
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2 August 2024 | 27 replies
Your goal when renovating is to create a warm, comfortable and spacious environment.Typically this is done by using good lighting methods lighter colors with some sort of accent color and creating an open floor plan.For flooring, I would recommend using a lighter oak color.
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3 August 2024 | 29 replies
I thought my multi unit was using a ton of water because it was 33,000 gallons in a 6 month period.
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1 August 2024 | 19 replies
Same can be said for using a property manager vs yourself or using a realtor or not.
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1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
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31 July 2024 | 2 replies
If they aren't using a professional machine, odds are high that they'll leave water in the pad, causing the place to smell like mildew after a few days.
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31 July 2024 | 5 replies
Using a calculator to determine how much rent to charge sounds like you are using the tool backwards.
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31 July 2024 | 11 replies
Have you considered using a service to help you select a market and home?
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31 July 2024 | 9 replies
Even if you do, those that lend using a note as collateral will charge you hard money rates.