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24 January 2025 | 4 replies
I work with new investors all the time and have to get past newbie investor puberty which include Shiny Object Syndrome and the mindset that this business is Quick Money with little to no effort (thanks to Social Media).
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15 January 2025 | 29 replies
I would include servicing costs of the loan and licensing costs.
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17 January 2025 | 5 replies
That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity.
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15 January 2025 | 10 replies
It may be easier to include utilities in the rent.
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22 January 2025 | 8 replies
You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.
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16 January 2025 | 6 replies
The risk is not including due diligence caveats in your offer, like inspections.
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16 January 2025 | 8 replies
To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court.
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22 January 2025 | 12 replies
Your relo benefits will likely govern this decision more than other factors.
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15 January 2025 | 12 replies
With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.
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12 January 2025 | 17 replies
@Abdul HafeezRates and LTV depend on many factors.