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20 June 2024 | 16 replies
I would have them go through the same steps you would go through for a regular long term tenant.
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25 June 2024 | 125 replies
Also, make sure to stress test your finances, pay down principal on your loans regularly, and opt for long-term fixed mortgages.
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19 June 2024 | 4 replies
I suggest you get the tenant involved in checking in regularly and asking them to move things a long.
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20 June 2024 | 18 replies
There is no doubt that REI in Section 8 is risky, but the entry point is attractive with leveraged yields well in excess of what you can achieve in regular REI.
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19 June 2024 | 5 replies
It's putting a lot of faith and trust in a person that you may not know very well, and who you're not in regular contact with as to their life situation.
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18 June 2024 | 0 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.
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18 June 2024 | 2 replies
Worst case you sell 2 to regular buyers and the last one on auction or to a wholesaler.
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18 June 2024 | 6 replies
.”- Rick and Ricky, SFR gurus“We bought this house in Toledo for $31,500 and sold it 10 years later for $34,000”:-) sorry my Toledo friend :) This sounds just like one BP member who posts regularly..."20 caps" everywhere.
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20 June 2024 | 27 replies
Idaho is the most landlord friendly state in the country- the state legislature regularly passes laws to ensure that a property owner can do whatever they want with their property and not have any sort of state or county interference.
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20 June 2024 | 26 replies
Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.