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17 December 2024 | 6 replies
We still owe roughly $900K on a 3% mortgage.We’re planning to retire abroad and are weighing two options:1.Sell the home – I already have a buyer lined up, so this would be a straightforward exit.2.Rent it out long-term (furnished) – While I don’t think the rent will fully cover the mortgage, it might come close.
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18 December 2024 | 15 replies
The big picture is what matters.
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23 December 2024 | 12 replies
But it's a relatively minor piece in the big picture.
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16 December 2024 | 6 replies
In short, most likely yes but it depends on your entire tax picture.
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17 December 2024 | 1 reply
$2,698-$1600= $1098/mo would be your responsibilty and you said you could cover it all.
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19 December 2024 | 4 replies
The income isn't covering the costs (maintenance, capex) and you've only gained 15% appreciation in the three strongest years we've seen in a long time.
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18 December 2024 | 2 replies
To do so, I need an initial team who can cover the following aspects of these projects:- Wholesaler- Contractor (Inspection oriented)- Equity Partners (Project Incentives)Once the deals are in place, the financing support will be through personal capital for upfront costs, with the intention to raise private capital and include hard-money lenders as-needed.
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19 December 2024 | 13 replies
So to help cover expenses and see some cash flow would focus on multi-unit property.
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17 December 2024 | 7 replies
For example, on a recent project, Draw #1 covered the roof, demo, and trash-out.
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18 December 2024 | 2 replies
Florida did just have back to back hurricanes but a proper master insurance policy and coverage usually covers that type or perilYou are facing a declining cash flow situation which is due to the HOA fee's so while there is still a profit and you have equity sell and look for a 2-4 units.