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31 January 2025 | 12 replies
Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.
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25 February 2025 | 6 replies
@Maurice Smith 2nd vote for RL Management.Regarding owner payout timing, it's easier to pay sooner for Class A rentals, because the tenant payments are more consistent.As you go from A to B, to C, etc., tenant payments are LESS consistent, so many PMCs opt to pay owners later.
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21 January 2025 | 4 replies
Any other tips for a first-time landlord?
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16 January 2025 | 3 replies
Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.
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28 January 2025 | 4 replies
At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.
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24 February 2025 | 3 replies
As a loan officer, I recommend first ensuring you have a thorough assessment from a contractor who specializes in fire damage.
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25 February 2025 | 2 replies
If you are really comfortable with the deal flow, the best way would obviously be to keep flipping / scaling up while gaining equity each time but its a lot harder as you never really know when the next deal may come.
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23 February 2025 | 3 replies
Each of your homes will start at a lower cost basis and you will get slightly less depreciation each year to offset but you have spread that depreciation over multiple properties so now selling any one property will result in less impact on taxes than just selling your first without a 1031.
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20 February 2025 | 10 replies
Maybe you get it done easy enough some times, but then other guests won't sign it because ... they're lazy, they're unsure why you're doing something separate from Airbnb, for any number of reasons.
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25 February 2025 | 2 replies
If you want to offer a "rebate" of some kind after they stay up to date for certain amount of time, I'm more inclined to go that way, but in general theres no real good reason to put yourself as the owner in the middle of the utilities unless they aren't metered in a way to bill directly.