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9 September 2024 | 9 replies
You can keep all your properties under one roof, so to speak.Cost Considerations: Keep in mind that setting up an LLC comes with some costs, like filing fees and compliance stuff.
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12 September 2024 | 6 replies
My plan is to use the LLC to acquire properties and to be the employer for the property manager when I actually acquire some walls and a roof besides my own personal home.
11 September 2024 | 8 replies
Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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10 September 2024 | 1 reply
This is an interesting project with several aspects to consider.
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14 September 2024 | 23 replies
Hellen Keller may have not noticed however I certainly could with just a cursory review of the property. they don’t actually know the extent of the roof however note possible deficiencies.
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11 September 2024 | 6 replies
Appraisers give no value to the business aspect, so the property is sold at market value, even if furnished and even if there are future reservations on the books.
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11 September 2024 | 22 replies
If I NEED to sell within five years, this calculation provides insight into the real-world return that incorporates these vital aspects of the investment.I want a balance between steady cash flow and long-term appreciation potential.
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17 September 2024 | 68 replies
If you have to replace a roof or HVAC in a few of them you are down tens of thousands of dollars.
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11 September 2024 | 17 replies
WAY overpriced, over developed, Insurance through the roof, condos are collapsing, in price, owners cant afford the assessments you want more LOL
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9 September 2024 | 12 replies
If you are tracking depreciation for purposes of repairs and maintenance (like anticipated timing of a new roof for example), you could probably get away with using excel and then just manually booking a journal entry.