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1 April 2018 | 1 reply
I guess I need to determine my market, style and risk tolerance.
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5 April 2018 | 9 replies
Every company is going to operate a bit differently and you want to ensure that you are comfortable with their operations as well as their style of communication.No company is perfect but a great company will provide great communication to owners and tenants alike and be proactive in refining their systems so when the inevitable hiccups occur there is a plan of action to make corrections and grow stronger over time.
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4 April 2018 | 10 replies
the market rents in the area do not include storage, garages or washer n dryer hook ups, these are unique money making units, the average storage unit at a self storage place is around $125/mo I figure I could charge 100/mo per garage bay and 75/mo for the storage units, 3 very large storage units and 2 garage bays, I would keep a garage bay for myself. offering a discount to the current tenants seems like a smart idea.I was thinking later down the line, either refinancing for 2nd property, or trying to get the permits to turn the finished attic into a 4th apartment and turning the 2.5 story garage into a 5th apartment(townhouse style), then I'd have 5 doors on 1 property, seems appealing though I have not even bother researching this yet because I'm trying to take it one step at a time.
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5 April 2018 | 6 replies
I'd evaluate their management style and way they operate the park (i.e. collecting rent, following the rules and regulations, notices being sent out regularly, etc.).
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4 April 2018 | 8 replies
I found a small ranch style 3 bed 1 bath potential cash flow of $200/month.
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8 April 2018 | 3 replies
Would you take a little extra risk for having a FNMA type 30 year residential style loan?
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8 April 2018 | 0 replies
My long-term goal is buy and hold, likely with BRRRR-style rehab and refinancing where possible to steadily build a portfolio.
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22 February 2018 | 6 replies
If you could post about pros and cons, life style, ability to work extra, commission, hours...
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24 December 2020 | 31 replies
As for more spreadsheet-style things: low property taxes, landlord friendly, land value is low so I get to disproportionately depreciate more of the purchase price, etc.
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21 February 2018 | 6 replies
He knows the property type, the area, you, your style, and can give you far more applicable counsel than anyone here.Secondarily, I would plug all of your assumptions into the BP calculator and post the results.