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19 September 2024 | 13 replies
Relatively, this period is slower for sellers, which creates a solid opportunity for you to explore multiple properties/options and maybe even negotiate for a deal below market value.
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20 September 2024 | 7 replies
for the asset value, STRs have never had lower income (no counting any Covid lockdown periods).
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19 September 2024 | 4 replies
At those costs it would take me about 12 years to break even if there were no other expenses for either unit during that 12 year period.
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20 September 2024 | 28 replies
There is low vacancy rates, guaranteed rent, and they stay for a longer period.
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20 September 2024 | 15 replies
Thats another key factor to be able to pull out your initial capital and the next homes DP in a shorter period of time.
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18 September 2024 | 6 replies
I ran the numbers for any investment below 250k and for the 3 year hold period after 1% annual management fee and 1.25% startup fee, and the profit split, comes to 10% compounded return or an 11.2% avg annual return on a 1.33 EQM on 3 years.
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19 September 2024 | 30 replies
1) We want the court responses going to the attorney, not us.2) We use eviction-focused attorneys that have scales of efficiency & price accordingly, so we really wouldn't save the owner much anyways.Have tried to share the "other side's perspective" with you, but you seem stuck on proving you're a victim.WIsh you the best of luck.
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18 September 2024 | 4 replies
DEAL BREAKDOWNEMD: $50,000Sub-To (with a 3-year balloon): Mortgage takeover is $5,900/month.Purchase Price: Agreed upon variable price for 3 year period.
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19 September 2024 | 6 replies
If you anticipate challenges, it might be strategic to wait until closer to the 90-day notice period required by law.
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18 September 2024 | 6 replies
@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.