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5 December 2024 | 22 replies
You need to do renovations, improve the property, and drive up rents.
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3 December 2024 | 22 replies
The price was low in 2014, today that same price is riduculously low, and the buyers in 2014 improved the property tremendously and recently re-sold for $230,000, good for them!
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28 November 2024 | 1 reply
But we already get deductions for maintenance, repairs, and improvements.
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24 November 2024 | 1 reply
Make sure you have one to keep improving onTwo things I noted:1.
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3 December 2024 | 9 replies
You will benefit from better rates and lower cost lumber now, so that will help make up for some of the added carry and perhaps the market conditions have even improved?
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28 November 2024 | 10 replies
Increased Approval Chances: Borrowers with multiple valuable assets may have a better chance of loan approval, as lenders see reduced risk in cross-collateralized loans.5.
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27 November 2024 | 2 replies
Our team transformed the property by investing $35,000 in targeted renovations, focusing on modernizing its appearance and improving functionality.
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5 December 2024 | 37 replies
Buying quality assets with a larger amount down, making improvements, and paying off debt could get you there relatively quickly.
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26 November 2024 | 3 replies
Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.
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29 November 2024 | 18 replies
Obviously the chances are that it is your responsibility, but what if it’s a sprinkler line or drain line owned by the condo building?