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19 November 2024 | 2 replies
As long as there are no outstanding repairs, I don't see anything wrong with paying off that loan faster.
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19 November 2024 | 0 replies
At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.
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20 November 2024 | 15 replies
You need a report done so you can request repairs or credits and a handyman isn't doing that and the seller wouldn't validate it.
15 November 2024 | 14 replies
They saw ahead that these jobs take a toll on you so bought RE and now live off RE in one form or another.
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19 November 2024 | 9 replies
Mark, we have some units that have hardwoods that we're repairing/restoring.
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19 November 2024 | 8 replies
@Heidi FahringerReal Estate Expertise - Are they familiar with real estate-specific tax strategies, such as depreciation, 1031 exchanges, and write-offs for repairs, property management, etc.?
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16 November 2024 | 14 replies
Who is paying rent, who's always late, who's calling for what repairs.
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15 November 2024 | 14 replies
If you disagree then you should just ignore the advice you get and plow ahead.
18 November 2024 | 5 replies
If you are looking at properties in need of renovation, they want you to know your costs up front and many will be as-is purchases with the expectation that you aren't requesting repairs and your costs are confirmed.Depending on your state, but likely in all states, you have an inspection contingency in the contract, but what you will learn is that you will be competing against seasoned investors and contractors who know their numbers and houses so make better as-is offers.
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18 November 2024 | 5 replies
The best opportunities to get seller financing is those properties that require repairs and traditional financing may not be an option.