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10 December 2024 | 17 replies
The agent will have access to the biggest platform to get the property sold though, the MLS, so forgoing even a cut rate agent will create more of a loss than the agent fees themselves.
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9 December 2024 | 2 replies
@Renee MachatWelcome to Bigger Pockets.
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4 December 2024 | 12 replies
I would assume the reviews they have with them are on the lower side, and bigger PM companies are known to struggle with attention to detail on properties.
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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16 December 2024 | 17 replies
You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist).
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11 December 2024 | 15 replies
I'm writing this in December 2024, when every other question asked on the Bigger Pockets tax forum is about STRs.
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6 December 2024 | 10 replies
In this case, am I still able to count the inspection fee as a capital loss, even though this expense occurred before I rented out my first property?
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10 December 2024 | 13 replies
@Samantha SueroWelcome to Bigger Pockets.
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27 December 2024 | 66 replies
AlbertoWelcome to bigger pocket.
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11 December 2024 | 6 replies
Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.