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23 January 2025 | 2 replies
The only “good news” is you’re paying for last year’s shortage and thsi year’s taxes, or this year’s shortage and next year’s escrow account.
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20 January 2025 | 3 replies
To pay for this, I used a heloc on my current home.
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23 January 2025 | 1 reply
The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.
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25 January 2025 | 155 replies
I'd also never pay $700 for an LLC.
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8 February 2025 | 42 replies
With that being said, I personally know several people who've had tenants that stop paying their rent and try to hang around for as long as possible.
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1 February 2025 | 16 replies
If it's already turnkey that means you're paying higher rates than necessary when you could put 20% down and get a DSCR loan with lower rates and fees.
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28 January 2025 | 6 replies
I ran some of your numbers, assumed rent of $1,290/unit and that you pay cash for the rehab costs.
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25 February 2025 | 22 replies
Kind of reminds me of some of the golf course communities out here where if you bought a lot you had to pay the 100k transfer fee for the membership and 1k a month dues..
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23 January 2025 | 3 replies
If you have cash, you could pay off the underlying loan2.
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24 February 2025 | 26 replies
@Corby Goade I agree: paying a month for a professional pm to find someone to me is worth not only the time and effort but the cost.