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9 January 2025 | 4 replies
., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!
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10 January 2025 | 3 replies
But thank you for providing the language to bring it up to the title company!
13 January 2025 | 7 replies
Selling and reinvesting in higher cash-flow properties or other opportunities might provide better returns.
9 January 2025 | 4 replies
In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.
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9 January 2025 | 3 replies
I am going to start a company website to host the pictures and provide a little explanation of what we did.
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7 January 2025 | 2 replies
There are mortgage recast calculators online or you can reach out to your lender.P+I payment will go from 2155 to ~1800 given the numbers you provided.
9 January 2025 | 0 replies
Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.
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6 January 2025 | 2 replies
These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.
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15 January 2025 | 14 replies
The estimates provided in the book are probably 30-40% lower now, but the real benefit may be in the structure/approach of how to estimate costs.
9 January 2025 | 7 replies
The main hassle of conventional lending is being able to provide proof of income and seasoning.