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6 September 2024 | 11 replies
depends on the quality of the assets and the reliability of consistent rental income.this is an age old argument and really a personal choice at the end of the day.
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9 September 2024 | 12 replies
Your best bet is to consult with your accountant directly so they can explain to you exactly what documents they will need from you.Good luck!!
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5 September 2024 | 15 replies
If your goal is financial independence, you need reliable tenants.
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6 September 2024 | 0 replies
However, when you have the right resources—whether that’s a mentor, a toolkit, or a community of fellow investors—you’ll gain the confidence you need to take action.Having access to reliable resources allows you to feel supported and prepared.
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9 September 2024 | 23 replies
Tenants are not the most knowledgeable or reliable people when it comes to telling if a property is deteriorating or not.If you haven't been there over a year, and there has been a consistent leak that the tenant hasn't noticed because it's on the exterior of the property.
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11 September 2024 | 69 replies
In my experiences, Section 8 HUD tenants are very reliable and courteous to the property even in bad neighborhoods, and all tenants that I have worked with pay their own utilities so that has never been a concern, but I can imagine how that would certainly be a nightmare for the owner of a property if that were something that were happening.
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7 September 2024 | 15 replies
Definitely want to consult a title attorney on that, but this is why I tell people to go with large well funded title companies rather than the cheaper local ones.
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6 September 2024 | 7 replies
This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.
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5 September 2024 | 0 replies
If anyone has referrals or knows of reliable channels (like Google or specific websites) for finding licensed contractors in the High Point/Jamestown/Greensboro area, I would really appreciate your input.Also, any helpful tips and experiences related to construction, dealing with appraisals, titles, and refinancing would be incredibly valuable.
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5 September 2024 | 4 replies
- Contractor and Vendor Referrals: Any recommendations for reliable contractors, property managers, or other vendors who are familiar with the BRRRR process?