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10 December 2024 | 22 replies
Depending on who you're targeting to rent your MTR, each website has it's benefits.
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11 December 2024 | 11 replies
And the benefit to all the chaos with the last two storms Is you should be able to negotiate a killer deal on a purchase right now.
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3 December 2024 | 29 replies
There was one month where an adjustment to 2017 Illinois taxes decreased my disbursement a bit.
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5 December 2024 | 10 replies
It’s a bit of a tangled web, but if you need more info on it, do your research first, and then you can contact me to help you sort out the current rules. 3) The tax benefits are severely hampered if you there is any money from your original property that doesn’t get spent on the replacement property, so it’s best to purchase a more expensive one to avoid losing those benefits.4) It is imperative that you do not receive any money directly from the sale of the original investment property.
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8 December 2024 | 21 replies
Valuable Network: One of the key benefits of Renatus is access to a network of contacts, which can be crucial for growing your real estate business. 2.
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10 December 2024 | 53 replies
My pleasure @Scott Rankin, looking forward to bringing everyone together to speak about some of the challenges that @Mark Miles brought up along with all the terrific benefits of investing in smaller markets has to offer.
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5 December 2024 | 6 replies
I do NOT rent to any real estate agents, brokerages, or property management companies as they would be a competing business and it wouldn't benefit either of our businesses to share a building.
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4 December 2024 | 3 replies
If money’s the issue (which is highly likely), you could offer to cover the advertising costs upfront, if possible, and adjust their commission by that amount.
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5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.
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6 December 2024 | 2 replies
What benefit would this give you?