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30 December 2024 | 8 replies
Requiring an application before showing is always a mistake but even more so in todays market.
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29 December 2024 | 30 replies
Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
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23 January 2025 | 15 replies
Even though there will be two other tenants, you still want coverage for your personal property.
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4 January 2025 | 5 replies
The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years?
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6 January 2025 | 10 replies
What are the possibilities as foreigners for:- Conventional loans- Bank/credit union loans- DSCR loansTHANK you and have a nice sunday evening.
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9 January 2025 | 30 replies
Inspector refused to check it even though he was still in the property finishing up the inspection.
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6 January 2025 | 5 replies
Issues 1) even garage conversion ADUs in single family zoned areas typically cost more to build than the value that they add.
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10 January 2025 | 67 replies
But it’s clear you’re a smart investor who knows the long-term benefits real estate can bring.I keep reminding myself why I stick with real estate: you can make money every month in four different ways:Cash Flow – Passive income to live on.Appreciation – Long-term property value growth.Depreciation – Tax benefits that reduce your taxable income.Tenants Paying Down the Mortgage – Even if you’re paid off now, this is one of the biggest wealth-building tools for leveraged properties.It sounds like your main struggle is the stress of active management—and trust me, you’re not alone.
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6 January 2025 | 9 replies
If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.
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28 December 2024 | 1 reply
Heck, even that mail/package room can be a cash cow!