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10 July 2024 | 7 replies
They have very few parking spaces and their patrons are leaving due to inadequate parking or the horrid way it looks when they arrive in the morning and clean up takes far too many hours each day.
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8 July 2024 | 6 replies
I used a basic DIY segregation study with an IRS audit guarantee.
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9 July 2024 | 3 replies
Tenant just moved out, cleaners found they used the wrong type of cleaning product on the stainless steel appliances, causing a permanent discoloration.
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9 July 2024 | 6 replies
They took photos of the mold and then cleaned it off.
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13 July 2024 | 51 replies
There are some extra costs in there for added mgmt, cleaning, supplies, utilities but it's still outperforming year lease numbers.Our other property on Jersey St has very funky layouts... there are 4x3/2s.
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12 July 2024 | 23 replies
if you're willing to put up with the pain and inconvenience - moving every 1-3 years, living in the smaller / worse units, DIYing things - you could have a portfolio of 5-20 units in 10 years, just by using your house payment.maybe the house you have would be an OK rental.
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9 July 2024 | 21 replies
Also, since we did the clean out ourselves can I charge market prices for a clean out?
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12 July 2024 | 42 replies
To clean it out was $3000.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
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8 July 2024 | 1 reply
This may be an overly ambitious strategy considering that I am inexperienced in both DIY and sales contracts, but in theory it seems like a very efficient option.