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26 November 2024 | 17 replies
They will take a risk at the beginning and charge a little more.
22 November 2024 | 2 replies
By the way, the tenant should be charged for this as part of "cleaning and repairs."
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25 November 2024 | 8 replies
I'd also suggest that you work backwards based on the rent you're charging.
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26 November 2024 | 31 replies
I tend to charge more than market rent for my new construction investments.
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21 November 2024 | 21 replies
It was pretty upsetting the PM didn't do a good job communicating to the plumber the washer install is tenant's responsibility, nor did they do a good job explaining what happened to cause a 6-hour job at $1100, or try to lower it before charging me.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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27 November 2024 | 10 replies
Are you looking to invest in real estate to gain passive income or are you wanting to buy a real estate business and be in charge of operations?
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23 November 2024 | 9 replies
I'm collecting more evidence from this lender and already connecting even more incriminating evidence and adding on more charges to these guys.If you or someone you know has EVER worked with any of these names, please reach out to me incase what you have might seriously help out my case and save other lenders, other attorneys, other regular people etc from being screwed.
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25 November 2024 | 18 replies
The folks that do that work know what they can charge since your basically captive IE the house wont work with out a new line.
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20 November 2024 | 6 replies
Many companies charge lower initial fees which makes it easier to attract new owners but then charge inspection fees, after hours fees, fees for additional services etc.