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16 October 2018 | 8 replies
@Shane BrownIf the mold is isolated to sheatrock like after storm related flooding, you could just cut out the bad sections of sheatrock and dry out the area.When it’s this bad and mold is on all surfaces, usually a crew in proper safety gear has to come in clean the place with a mold killing solution.
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20 July 2019 | 51 replies
I solely use Airbnb and although it has some drawbacks.... overall it's a wonderful option because airbnb takes such a small percentage of the total cost.
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14 July 2023 | 14 replies
The crime is very isolated to a specific area.
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5 January 2016 | 21 replies
It must be structured and maintained properly to afford the anonymity and protection you seek.Consult with a business / tax attorney to understand the tax implications as well as to understand how to build a business entity structure which isolates you from the assets and holdings you control.Remember: Control everything, own nothing.David J Dachtera"Success is not a destination.
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16 May 2013 | 5 replies
We will spend some money, but we will also save money through better operations so for the sake of easy group math - and to isolate the point I am making - we will say our expenses remain the same.Here are the numbers:We begin with 300K income-200K Expenses- 70K Debt Service= 30K Net Operating IncomeIf property cost $1millionWe put 20% down or $200Kabout 5% in closing costs $50KNeed $250K (yourself or with a group of investors)$30K/$250K =12% $30K was your yearly cash flow/ $250K investmentNow, if this property is distressed and you can increase Net Operating Income by just 10% look what happens 330K Income-200K Expenses- 70K Debt Service= 60K Net Operating IncomeYou just doubled your income and your returns because$60K/$250K = 24%gets better though...Now, at just a 10% cap rate your property is worth $1,300,000You can re-fi1,300,000x80%= 1,040,000 this is what the bank will refi for$1,040,000- 800,000 (original loan $1mil asking - $200K down)- 50,000 refi cost (that may be a little high)= 190,000 cash back in your pocket or 76% of your original investment AND...your property is still cash flowing... 330K Income-200K Expenses- 90K Debt Service (higher now because you have a bigger loan)= 40K Net Operating income$40K/60K cash you still have in the deal= 66% return.and your ongoing budget for expenses includes a budget for repairs and maintenance and capital expenditures....MF investors can usually get this property to 90% occupancy, create other areas of income like laundry, create savings through things like water conservation so in 2 years or under you can pull your initial investment out and go into another "value play" or sell it and take all your initial cash plus your gain (we are seeing 40-130% gains right now) into a bigger deal.
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12 September 2018 | 202 replies
If its the original 4 to 6" red clay pipe its very likely you have root intrusion every 4 linear feet at the joint.Yes you may have collapsed pipe or fittings.If you lucky you may only need what is called a "point repair".If you got original clay pipe its time to think about replacing it with black ABS plastic pipe,cast iron or PE polyurethane trenchless pipe.Youll see a world of difference and no more phone calls from angry tenants.The plumber will use a pipe camera with a built in transmitter to see and locate the exact problem area,then they dig things up,cut out minimum concrete remove and replace bad pipe and fittings ,replace and finish concrete ,test and inspect again with video camera.How much work is needed is anyones guess especially in an older property.If you are on a septic your drainlines MUST be in perfect order ,,,if you are on city sewer,,not so much.On the grease issue there is a great product called Bio Clean which is a grain based enzyme which works great but you must use it once a week ongoing.Of course if you get the cooperation of your tenant to isolate any grease or fat and put in a plastic bag freeze it and throw it in the trash you are miles ahead.Tell them if they do that they wont have any more of this kind of inconvenience.You can only get Bio Clean from a licensed plumber.Hope this helps and let me know your outcome.Dave DoyleLos Angeles
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30 March 2021 | 322 replies
Self evident to me.And as I posted on another thread, here is a good explanation of what is going on:http://www.chrismartenson.com/page/transcript-axel-merk-why-anyone-still-waiting-sell-dollarI think that the interviewee has the correct idea, but you will notice that even he is not saying that "this is going to happen", rather that he is putting his money on what seems most likely, and that it is a fluid, changing situation.I found it interesting that one point raised was that Bernanke is basically trying to prove his thesis here in real life, trying to prove that what works in isolation works in the dynamics of real life.
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13 November 2016 | 13 replies
It's incredibly isolated in terms of how you get get into and out of the area.
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2 September 2019 | 1 reply
My wife and I are moving and getting ready to rent our townhouse to tenants. I am getting ready to open a business checking account and apply for a business credit card. One of the questions they ask is what type of b...
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19 June 2018 | 5 replies
If it is only partly wetland that is perhaps different and there are some towns where blue acres buyouts have left some isolated properties surrounded by blue acres land.