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15 October 2024 | 40 replies
Yes, it requires work to run an LLC properly.
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8 October 2024 | 2 replies
@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly
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14 October 2024 | 420 replies
It’s up to individuals though, to get serious and learn things properly.
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8 October 2024 | 5 replies
Your accountants will love you and hate you as they love you because they will charge you a fortune but despise you when you do not put money in and out properly.
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9 October 2024 | 1 reply
They said it was a lot easier and better to simply create a new LLC to properly match what you are trying to do. 2) So, that is the other route, creating a brand new LLC.The PartnershipThe hardest ship to sail is a partnership, and there is no "fairest way" to do things.
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16 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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9 October 2024 | 9 replies
Your agent should be able to point out if the property was properly renovated or if they just slap something together to make it look good right before sale.
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10 October 2024 | 24 replies
If they remain to be difficult and unresponsive after providing proper notice and communication, then maybe it's time to give them a 30-day notice to terminate their tenancy so you can do the repairs needed for your property.
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11 October 2024 | 17 replies
I am not sure if anyone ever cared to pull together the data but I am quite confident in saying a study that compared licensed to unlicensed contractors would tell the story of unlicensed contractors seeking greater deposits in relation to total project costs than those with all proper licenses.
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9 October 2024 | 5 replies
With using the FHA loan, your offer loses a large competitive edge in the market, but a good agent will navigate it properly for you and also weed out the unqualifying homes.