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1 January 2025 | 22 replies
If you can attend local investor meetups, that’s a great way to gain market insight and connect with reliable people.It’s also smart to start small with a couple of flips to test the waters, and make sure you understand the local market dynamics before scaling up.Good luck with your expansion!
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9 January 2025 | 35 replies
I tested out a lot before I landed on my favorite 4 for profitability and ease of putting together.
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30 December 2024 | 15 replies
I guess we will find out when the implementation of the new law occurs and then is tested in court.Nevertheless, written documentation will be your friend.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
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6 January 2025 | 15 replies
Many agents offer a temporary agreement (Zillow uses 7 days) for a few showings or a single property, so you can test the relationship without a long-term commitment.
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25 December 2024 | 28 replies
There are tests you can buy on Amazon, where you can swipe it on the walls to determine residue.
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19 December 2024 | 28 replies
But you can run your own tests on this.
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15 January 2025 | 39 replies
If you want more cash flow deals you may want to look outside of Boston and test out some new markets where you're hitting closer to the range of returns you're looking for.
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16 January 2025 | 40 replies
Either way, I wouldn't put the AirBNB terms of service to the test.
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31 December 2024 | 11 replies
The challenge with the FHA guidelines is the self sufficiency test.
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27 December 2024 | 21 replies
I wanted to burn down two houses on my 90 lot development.. not as easy as it sounds at least in Uber permit crazy oregon.. you needed lead and asbesto's test then remove those if they are present..