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16 January 2025 | 10 replies
I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.
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12 January 2025 | 11 replies
If you are in a state where eviction cost is high and it is tenant friendly you may need a higher credit score to offset default risk and eviction cost.If you are in a landlord friendly state where it is easier to get non paying tenants out you may be able to handle more none payment risk.
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2 February 2025 | 2 replies
Im so stuck, is there anyone out there that can help me with deal machine or help me some other way Are you going to REIA's and other events?
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9 January 2025 | 8 replies
Cheap properties look good on paper but rarely perform as well as more expensive properties.
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10 January 2025 | 23 replies
You will owe monthly payments until you fix the property up, rent it out, and refinance to a more traditional 30 year fixed rate product.
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13 January 2025 | 4 replies
Perhaps @Devin Peterson can help?
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18 January 2025 | 2 replies
It’s likely to at least pay for itself or help the property sell faster.Talk to a few local agents to confirm how much buyers in the area value a garage.
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16 January 2025 | 3 replies
.## Additional Resources- Check out the BiggerPockets podcasts and webinars for more insights on these strategies.- Read books like "What Every Real Estate Investor Needs to Know About Cash Flow" by Frank Gallinelli to deepen your understanding of real estate investing.- Use local real estate agents who are familiar with investment properties to help you find the right deals.You're taking the right steps by seeking knowledge and networking.
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18 January 2025 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.