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25 September 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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26 September 2024 | 2 replies
If I were to do this, which I don't plan to for at least a few months (I would like to properly do my research)Â I was also curious whether or not people thought interest rates on HELOC LOANS were going to start going down or continue going up?
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25 September 2024 | 5 replies
Not just in the setup, initially, but separate bank accounts and properly signing all documents as a member of the LLC, even if you post on your personal social media accounts about a property owned by the LLC, if someone sues you, they will try to use all of that to get to you personally. Â
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25 September 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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24 September 2024 | 7 replies
In our case the seller needed the loan off their record to purchase a new home so we went through the proper channels to make that happen.
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24 September 2024 | 5 replies
I think, for now, I’ll probably use Buildium (my current software) and manually enter into furnished finder and AirBnB and require approval so it doesn’t auto schedule and so I can send a proper lease. Â
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27 September 2024 | 14 replies
If you really don't value your agent's ability and think you can do it better, it's likely best that you 1) interview more to find one that you do trust, 2) go through the listing agent, directly, if you're that comfortable with handling your side on your own, or 3) maybe get your license so you can control your side of negotiations with the proper tools needed (MLS access with agent info, showings, contracts, tax records, uploaded listing docs like surveys, disclosures, broker assistance for questions, etc.).
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24 September 2024 | 12 replies
Update to my Left Main experience-- five months after they denied me a refund to my purchase, the CRM is still not set up properly.Â
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25 September 2024 | 6 replies
When starting out, I think you should at least be able to get to your property several times within the first couple of years to en reasonable amousure everything is set up and functioning properly.
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27 September 2024 | 47 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.