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16 April 2024 | 9 replies
Stay dedicated and committed to your real estate investments, keeping your goals in mind and being open to learning and adjusting to market changes.Good luck!
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16 April 2024 | 10 replies
In addition, many of those cheap OOS places have historical long term rent growth at or below the inflation rate meaning that cash flow is unlikely to increase significantly in inflation adjusted dollars.
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20 April 2024 | 100 replies
Verify everything independently or risk-adjust the purchase price (which may not result in acceptance).2) then I did tax returns for a season. 9 out of 10 people with rental properties had no records of their expenses and would just say, “put down $200 for that” etc.
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17 April 2024 | 16 replies
Sometimes, partial renovations can be significantly cheaper while still resolving the main issues.Rent Adjustment Considerations: If you decide not to raise the rent to cover the cost of repairs, communicate clearly with your tenants about the situation.
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15 April 2024 | 19 replies
The math gets a bit more complicated to calculate the adjusted deduction but the minimum is $1050 (scaling up with earned income).
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18 April 2024 | 87 replies
You can:Go to other markets, or;Find motivated sellers or;Adjust your financial criteria to reflect market forces (either directly or through using some value-add approach after purchase), or;Hold off expansion of your empire until the Gods (market forces) see things your way, or;Pack it in and play the stock market.BTW, drop the "two months" self-imposed deadline: You will wind up doing a deal for the sake of doing a deal, trying to convince yourself it is "good'" not because it actually is "good."
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15 April 2024 | 35 replies
The goal of real estate investing is financial freedom.Financial freedom requires a rental income that:Increases faster than inflation: Unless rents increase faster than inflation, your true (inflation-adjusted) income will continuously decline, and your time off the daily worker treadmill will be short.
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13 April 2024 | 1 reply
It's strange that you claim to make over $150k, but your adjusted gross income on the form is listed at under $35k.
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13 April 2024 | 29 replies
I would take the opportunity to account for the cleaning and re adjust your offer to what you are willing to pay for it.
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10 April 2024 | 3 replies
Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far.