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2 August 2024 | 53 replies
Rents will remain high and go sideways in most markets, with the exception of where new construction has been running hot causing move in specials.
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1 August 2024 | 9 replies
+1 for immersing yourself and finding a mentor/mentors.There is a wealth of info on here and a lot of knowledgeable people who would be willing to help.Other than a book purchase I would avoid any courses, as the info is readily available if you are willing to spend the time to parse it.Build a 1, 3 and 5 year plan and execute while remaining flexible.Good luck!
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2 August 2024 | 10 replies
That will cover much of the issue and any remaining visible holes from the tack strip will be so close to the molding that it probably won't be noticeable from a standing position.
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3 August 2024 | 14 replies
The previous tenant remains financially obligated for the rent, utilities, and other expenses until the replacement tenant takes over.
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1 August 2024 | 4 replies
Once the remaining 3 units are occupied, the projected monthly gross income will be about $7,800.
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9 August 2024 | 184 replies
The seller agent remains unch, but now are arguably one of the most vital pieces in how transactions work.
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31 July 2024 | 1 reply
Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)
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31 July 2024 | 11 replies
Also, the larger down payment can be the case depending on the remaining mortgage balance vs. the sales price.
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31 July 2024 | 11 replies
From Florida's largest insurer - as well as the one of last resort, Citizens Property Insurance: "When a roof replacement is required, and a coating or sealant is used in lieu of roof replacement, the risk remains ineligible for coverage."
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3 August 2024 | 27 replies
One question remains: how will the "over the counter" tax liens that did not sell at tax auction be processed?