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23 February 2025 | 84 replies
I hope your attorney can help you and remember to stream your energy to find the next deal yourself so you can cover this loss; this is the most helpful way to let go of that feeling of being scammed.
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15 January 2025 | 12 replies
To vet guests, you can use a pre-booking form, ask about their plans, and require an ID and signed agreement.
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22 January 2025 | 31 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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18 January 2025 | 10 replies
To get to the ARV of $250,000 , I am assuming as follow:Because you spent $15,000 in renovation, I am assuming you increased the Initial value of the property at 30,000 bringing it at $230,000Add a 8.69% home appreciation for one year $20,000Estimated Home Value After 1 Year:$250,000Refinancing Breakdown:New Home Value (Post-Appreciation): $250,000 New Mortgage Amount (80% LTV): $200,000 Existing Mortgage Balance after 12 months: -$158,035 Assuming 3 Months Interest Penalty for Breaking Existing Mortgage: - $2371Total Cash Pulled Out: $39,594, allowing you to recover to pay a portion of your initial investment of $63,548, leaving $ $24,015 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.
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17 January 2025 | 23 replies
$6000 is a large mortgage to cover for a vacancy.
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15 January 2025 | 3 replies
A platform that updates their data daily or weekly is covering a staggering cost in order to provide that to the end user.
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25 January 2025 | 24 replies
Go out and start making your future come into existence.
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21 January 2025 | 11 replies
Also many other Counties in non-covered States also include it.
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6 January 2025 | 8 replies
Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.