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4 February 2025 | 4 replies
It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision.
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5 February 2025 | 15 replies
Which means to me that Zillow is cracking down on people hunting for arbitrage on its platform.Consider that, and other potential barriers, when assessing your marketing tools.
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14 January 2025 | 9 replies
Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.
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3 February 2025 | 3 replies
The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.
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24 January 2025 | 6 replies
Have you started thinking about your strategy or exploring potential markets?
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26 January 2025 | 48 replies
HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str.
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29 January 2025 | 5 replies
In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.
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10 February 2025 | 10 replies
$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.
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19 January 2025 | 10 replies
About the same as if you rent it, less costs.
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21 January 2025 | 8 replies
If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/ Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.