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1 October 2024 | 26 replies
I prefer to keep all my dealings strictly business, no personal decisions when ever avoidable.
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1 October 2024 | 12 replies
When the male tenant moved out, you should have made decisions about the female tenant.
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3 October 2024 | 9 replies
I was really struggling to decide what investing option to prioritize but I got a lot of clarity from the decision making process in the book, so much so that less than a month after finishing the book, I'm under contract for my next place that aligns with my strategy!
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4 October 2024 | 16 replies
Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.
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4 October 2024 | 6 replies
With your boyfriend working for a builder/investor, you might have access to some insider opportunities.Working with your boyfriend’s expertise and connections is a huge advantage, especially for managing upgrades and potentially cutting costs on labor or materials.The $45K Home: Keeping the inherited property with the $45k balance as-is until Year 3 is a wise decision.
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30 September 2024 | 8 replies
@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?
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2 October 2024 | 8 replies
Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.
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2 October 2024 | 10 replies
Regardless of whether it was the right decision or not, how do you move forward?
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30 September 2024 | 6 replies
Be sure to compare the terms and fees before making a decision!
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1 October 2024 | 7 replies
My dad taught me decent financials growing up and I'm the only one in my family who hasn't made a financially poor decision(some sort of bad debt or bankruptcy.)