11 September 2024 | 9 replies
Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negative cash flow.
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14 September 2024 | 23 replies
I would say about $8k average, sometimes reaching towards $20k depending on length of run and the difficulty of tie-in to the City main.I would not, as a buyer, wnat to take a chance on this..even if they are working well now, it is a ticking time bomb and a large expense.So I would wrap your head around the concept of offering a credit towards this item.
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14 September 2024 | 4 replies
Was then informed that the seller did not want to return my $2500 EMD if an inspection revealed negative findings.
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13 September 2024 | 2 replies
Live in one unit , rent out other unit and accessory unit, mortgage on the property would be about $6800, rental income would be : $3000 from additional unit , and $1500 from accessory unit and I would be occupying one unit , leaving me at negative $2300 per month .
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13 September 2024 | 2 replies
Good Afternoon,I have a business idea I need help building.Currently, on a PowerPoint, my understanding is that NDA is appropriate before sharing one's idea.One part of the mid-term rental market, side down the road option, adds a concept to the male dating market.How does one find someone to legitimately review the business plans?
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16 September 2024 | 16 replies
If you were given a 200k up front loan on a property that is only worth 100k in it's current state, it would mean the lender is taking a true negative equity position right from the start.
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15 September 2024 | 7 replies
So the deposit return is negative.
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13 September 2024 | 12 replies
so if you just buy a random property with 100% financing, you'll never pay back the loans with the property - you'll be negative and have to pay it back with other money.and if you BRRRR using 100% borrowed money you have to really knock it out of the park to get all your money back, which is very difficult to do as a new investor.the way BRRRR works (as you know) is you buy (with money - cash from your checking account, cash from your uncle, hard money, a HELOC, a cm) fix the property up, then refinance.
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17 September 2024 | 14 replies
Proper HOA Reserve Funding will determine whether or not your fees make a dramatic increase or a Special Assessment is levied in the near future, both of which will immediately, and negatively, affect your investment planning.
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14 September 2024 | 26 replies
You have to know your market competition from every angle (price, offerings, perks, marketing, quality of furniture, neighborhood etc) You can overcome negative reviews if you do a lot of volume, that is almost a given to not be able to make everyone happy or foresee every issue a guest may have.