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15 November 2024 | 4 replies
I was wondering what's everyone's process when maintenance or repairs needs to be performed in the rental property.
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22 November 2024 | 4 replies
I know, you have “repairs”already.
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22 November 2024 | 20 replies
Over and over, you can be constantly evicting and replacing appliances and doing major repairs.
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22 November 2024 | 8 replies
you mention ARV - what is the cost to repair the property to get it to that ARV?
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23 November 2024 | 10 replies
think about it:-when you buy a property, you'll have a down payment, closing costs, rent-ready costs, costs to get set up with a PM, a commission to place a tenant... maybe some light repairs after the tenant moves in...
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24 November 2024 | 9 replies
So as long as your insurance, property taxes, property management, utilities maintenance, repairs, vacancy, and capex come to $4/mo or less you’ll be fine.
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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7 December 2024 | 150 replies
You may need to safeguard the collateral, make emergency repairs, pay for legal notices and filings.
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22 November 2024 | 7 replies
Maximizing Deductions: You can still claim tax deductions (mileage, repairs, management time, etc.) on both properties as long as they’re legitimately related to rental activity, even if one isn’t in an LLC.
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20 November 2024 | 5 replies
The 70% rule suggests buying a property for 70% of its ARV minus repair costs to ensure profit.