28 June 2024 | 8 replies
If you keep raising rent the max allowed it may take some time but eventually you should end up high enough that they move.
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1 July 2024 | 27 replies
Only occasionally is there a REALTOR involved.The people who suck at numbers and are “parasites” actually don’t close deals and eventually get ignored by most.
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28 June 2024 | 6 replies
You may not cash flow that much, but over time you will eventually get there.I'm doing this myself, but made the mistake of not doing a 203k loan and put most of my funds into renovation with cash.
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29 June 2024 | 11 replies
Finding good deals is a numbers game, if you submit 50 offers, you will eventually find a good deal.The above habits helped me achieve a level of investing I truly did not think is possible.
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27 June 2024 | 4 replies
Eventually you'll run out of money or lending potentials on your own which is usually when many investors start looking to partner up.
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27 June 2024 | 1 reply
I'm hoping to begin supplementing my pay soon and eventually do this full time!
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27 June 2024 | 12 replies
While the state is tenant friendly, eventually they will be forced out and at that point it will be without the offer you gave them and with a black mark on their record making it harder to find another place.Since you are looking at flipping the property, you need them out to do the work and I would discuss that with them - not the flip portion but the work that needs to be done and can't be done with them in it.
28 June 2024 | 10 replies
If you miss that deadline (because of a failed sale or a tenant that won’t move out.) it’s all taxable, if you move back in to it as your primary it’s only a pro-rated tax free gain when you eventually sell.
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26 June 2024 | 3 replies
Without knowing the renovation and soft costs, having the original purchase and eventual sale price is worthless data.
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26 June 2024 | 10 replies
Eventually, it will be worth it to ditch it and do more of what you love, but for now your plan is perfect.