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9 February 2025 | 15 replies
Cheap items will break sooner and require replacement, and will make your place look cheap overall.
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7 February 2025 | 2 replies
You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.
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3 February 2025 | 4 replies
Then I find out a week ago they sold the property at a loss, ALL my capital is gone, and Ken McElroy goes on his merry way making youtube videos about how much money he is making.
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9 February 2025 | 7 replies
As with any electronic item they can fail, so I keep an extra new lock on site at each property for maintenance to install if needed.
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11 February 2025 | 4 replies
Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.
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18 February 2025 | 8 replies
If you eventually convert the property to your primary residence and later sell it, the taxes would be prorated based on the ratio of time the property was investment property.These items should be addressed and discussed with your tax and legal counsel to ensure that the exchange is the best course of action given the restrictions and requirements.
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18 February 2025 | 4 replies
I am wanting to shed some of my material items to go chase some experience.
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5 February 2025 | 5 replies
It sounds like you're cash flow negative, but not sure you have all the details/line items listed.
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26 January 2025 | 48 replies
Especially, after the storms and the loss of the projected income and they have no way to repair or replace everything that was lost.
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4 February 2025 | 18 replies
My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.