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11 October 2024 | 30 replies
One additional item to consider is to buy an outdated property, rehab it and refinance it, this way you would have less cash into the deal and higher Cash on Cash Returns.
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11 October 2024 | 40 replies
Before I joined I was trying to carry my multifamily goal by myself, I thought the only way I could get into multifamily was to have enough money to buy a property on my own so I was trying everything I could think of but ended up just spinning my wheels.
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8 October 2024 | 23 replies
Do you have standard property insurance for your houses since you are leasing to the organization that would ultimately carry the insurance for operating the sober house?
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8 October 2024 | 16 replies
Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.
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5 October 2024 | 10 replies
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.
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14 October 2024 | 420 replies
sub too is a very simple concept and there are just a few items that need to be done to be safe this is not voodoo :)
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10 October 2024 | 28 replies
Insurance is another big ticket item for all beach areas, especially Florida.I had some friends sell their ocean front condo on Hilton Head, that they had owned it a long time at a great interest rate.Condo fees, property taxes and insurance made it not cash flow anymore.So they were forced to sell.
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10 October 2024 | 31 replies
They're not 'like' items.
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4 October 2024 | 8 replies
Since you mentioned your W-2 income is above the threshold, it’s likely that you don’t qualify for this status, so the losses would be suspended and carried forward to offset passive gains in the future.With REPS and 500 hours of material participation in your LTRs activity, you can release your losses from LP interest.
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3 October 2024 | 2 replies
We carry a partial contract on my husbands property and it's worked nicely without the headache of renting.