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16 January 2025 | 17 replies
After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.
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29 January 2025 | 11 replies
We are always priced under the market average for properties, as we prefer a slightly higher occupancy rate over a higher nightly price.
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27 January 2025 | 17 replies
That's correct, I spend $140 per month on QBO ($90 for one LLC, and $50 for the other) plus my bookkeeper that averages about $500-$600 per month.Great idea, and yes I would do a trial for a few months using both.
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2 February 2025 | 2 replies
Another of the houses I just bought is appraised at $250,000, they reduced the price to $225,000, and I put in an offer but they accepted a higher offer from another buyer for $197,000.
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31 January 2025 | 2 replies
Also prevented us from making wrong statements on our part which would have reduced the claim.3.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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22 January 2025 | 12 replies
I like this idea because it reduces the potential vacancy I could have by doing a short 3- to 4-month lease that ends in April or May, then starting over with a year lease.
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1 February 2025 | 17 replies
We run a special kind of co-living property management that has houses mostly run themselves, 97% occupancy, and over 2 year average tenancy.
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21 January 2025 | 0 replies
Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor.
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3 February 2025 | 15 replies
This needs to be limited and reduced.