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18 March 2024 | 3 replies
I am in the Charlotte area and have roots in Boston.
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19 March 2024 | 46 replies
Well for only $200 moreĀ you could have bought her a Red ConvertibleĀ Porsche 911.$120k to a school.$7k to an insurance outfit.Hopefully she gets moreĀ benefit out of this major purchase than the many others who have not.Just my 2 cents.
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19 March 2024 | 0 replies
High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your propertyās value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.
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18 March 2024 | 4 replies
I have this on my lease:Ā "Tenant accepts the cost of clearing the drain of any and all stoppages within the property except those caused by defective plumbing, tree roots, or act of Nature or God."
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22 March 2024 | 132 replies
With respect to that, don't forget that, generally speaking, you pay by the amount of sq ft but rent by the amount of bedrooms.Given that the market has been red hot, the risk is that you (wildly) overpay if you buy the wrong property.
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18 March 2024 | 3 replies
My father was in the service too and planted his roots in South Florida as you are doing now when he transitioned out of military life.
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19 March 2024 | 5 replies
It would definitely raise red flags if you did this multiple times.
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20 March 2024 | 193 replies
Most having little to no other activity in the forum (red flag).
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18 March 2024 | 0 replies
See any red flags, especially with today's interest rates.By the way....I'm in the fishing tackle and fishing guide world so this is a slam dunk from an operations standpoint.