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8 January 2025 | 22 replies
@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.
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7 January 2025 | 4 replies
Keep in mind that while there is an exemption to the Fair Housing Act.....most states that have a state level Fair housing law do not typically provide the same exemptions as the national law.
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2 January 2025 | 2 replies
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city within their covered area.
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2 January 2025 | 3 replies
Hi Joan - Not sure your question here but if you are able to provide more info, I may be able to provide some insight.
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3 January 2025 | 3 replies
If you haven't already done so, consider contacting your insurance provider to add your property manager as an additional insured today.
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15 January 2025 | 14 replies
Or even better pull a bunch of money out and keep your same cashflow, and with the money you pull you get to buy more properties that will provide cashflow and appreciation.
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5 January 2025 | 8 replies
Marcus & Millichap’s report also mentions the importance of universities to Pittsburgh’s rental market, “The considerable number of universities in Pittsburgh will provide a diverse hiring pool for the area’s growing tech sector in 2017 and beyond.
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7 January 2025 | 0 replies
If you’re doing updates to a property, they can provide you with a list of qualifications to help your property be more energy efficient maximizing tax deductions.
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19 January 2025 | 27 replies
Advise him in writing that - email AND via US postal system with proof of delivery required that the lease remains in effect as is and that you, again, recommend that he file a claim with the provider of his renter's insurance for any losses he felt were sustained.
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5 January 2025 | 7 replies
In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.