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29 October 2024 | 2 replies
I would only hire out for major work I can't do myself or emergency repairs.I've dealt with older houses before and the house may be fine for occupants but there's still usually lots of things that can be fixed / improved so it seems a house that isn't perfect would give more opportunities for ongoing maintenance of this sort.To me it seems fairly straightforward to meet the time requirements but I think I need to have extensive documentation?
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4 November 2024 | 4 replies
Hi BP friends, I usually use PropertyShark to examine and compare properties for my analysis.
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7 November 2024 | 15 replies
This allowed me to save over $1,200 per month on my payment and also increased my principal paydown by over $400 per payment compared to financing a new "high interest" loan!
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5 November 2024 | 6 replies
I've noticed that the discounts tend to be pretty decent when compared to the actual cost of renovation (not flipping status, just better in general).3.
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4 November 2024 | 3 replies
If you're considering this route, comparing different providers and understanding their specific requirements is advisable.
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8 November 2024 | 53 replies
I am usually giving (sometimes a little too) straightforward advice so they don't lose money or hire a guru.
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4 November 2024 | 7 replies
Look at other comparable rentals on Zillow and see how your unit stacks up.
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3 November 2024 | 2 replies
Not sure about PA, but in NY if there are any lights in common areas the landlord needs a separate meter - you can just go count the meters on the house, if there are 5 then you know there is one for common areas.I wouldn’t use cap rates for a four unit, use comparable properties if possible.
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8 November 2024 | 21 replies
The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis.
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4 November 2024 | 4 replies
Short-term rentals (STRs) in San Antonio offer both advantages and challenges, especially in light of recent regulations.Pros:Increased Income Potential: STRs often generate higher rental income compared to long-term leases, as they charge daily or weekly rates.