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16 September 2024 | 28 replies
Also I did a tiny bit of research and it looks like the "insider circle" is actually just a collection of lists they compile for you.
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12 September 2024 | 8 replies
@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.
12 September 2024 | 9 replies
We do put them on the lease and seek collections from them if things go sideways but we have found that most of the time the cosigners do not care.
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11 September 2024 | 11 replies
Are you interested in collecting payments online with the reporting included or just rent reporting without online payment processing?
11 September 2024 | 8 replies
DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.
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14 September 2024 | 11 replies
And while Pennsylvania State Inheritance is typically also not recorded, all 67 Pennsylvania Recorder of Deeds are instructed to collect the tax if there is any indication that the property owner is deceased.
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10 September 2024 | 0 replies
We recognized market conditions were optimal for a fast flip, and our ability to act quickly minimized holding costs while maximizing profit.
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12 September 2024 | 3 replies
Also note if the listed rent changes.Our actual vacancy of less than 10% has closely tracked the data I collected this way.
15 September 2024 | 33 replies
However, the possibility the former owner or one of the lenders will claim service was improper is one of the reasons title insurers are reluctant to allow a policy to be issued w/o a quit title action being completed first.It's a good idea to ask the title agent for a commitment that will show the requirements for the issuance of a policy w/o exception for other interests.I think almost 100% the mortgages are gone with a properly notice tax sale.. and in most states I work so are the utls. they try to force you to pay them but if you push back and or know they cant try to collect you just need to push the point.. while banks will normally pay tax to protect their interest sometimes they dont like in this case..
14 September 2024 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.