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11 December 2024 | 10 replies
A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.
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16 December 2024 | 19 replies
Trying to get an owner occ loan was a chore ended up getting it done but what a pain.. owner occ underwriters are used to very simple tax returns and when you have more complicated ones it just takes longer..
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9 December 2024 | 3 replies
I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good property manager is essential.
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10 December 2024 | 7 replies
That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.
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12 December 2024 | 19 replies
It's a simple way to gauge the condition of the building's main sewer line.Unfortunately fraudulent rental applications are more common than one would think so good on you for catching that.
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5 December 2024 | 5 replies
I was thinking of doing Airbnb arbitrage in Cincinnati but discovered that there is a restriction that the STR operator has to live within 50 miles of the property.
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6 December 2024 | 6 replies
The main reason is other buyers who are better able to pin down operating costs will either outbid you because they have their costs right, or you'll outbid them because you have your costs wrong.
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15 December 2024 | 9 replies
Simple standard sales process."
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10 December 2024 | 13 replies
@Eric LoweIf you cannot find a local firm, reach out to these experts who operate national firms: @Bernard Reisz, @Yonah Weiss, @Julio Gonzalez.
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9 December 2024 | 5 replies
But unless their businesses are structured very carefully they're no operating in the clear.