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8 February 2025 | 10 replies
‘Subject to is, by definition,NOT an ASSUMPTION of a debt.
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3 January 2025 | 18 replies
I’ve been unable to find anything.I’m new to the Cleveland market and was able to navigate the LAIC issue.
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14 February 2025 | 4 replies
After some time, I received an email warning from Airbnb that I was in violation by posting external links so I took them down.
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22 February 2025 | 1 reply
Bathroom:Demo & Prep ($750):DIY toilet, vanity, and flooring removal.Professional plumber for plumbing adjustments.Toilet ($250):Standard, efficient model.Vanity & Sink ($900):A modest-sized vanity and sink combo.Flooring ($500):Wall Tile (Shower/Tub Area) ($1,000):Basic ceramic tile for the shower/tub surround.Shower/Bath Fixtures ($250):Update showerhead and faucet.Lighting & Paint ($250):DIY painting.Update light fixtures.Permits & Contingency ($3,000)Total rehab cost: $30,500Amount Needed: $30,500ROI: 45% of $30,500Investment Duration: 30days Profit: $13,725Total payout in 50days: $44,225EMD: The buyer has put down a 20% earnest money deposit based on the property’s ARV and they are all set to complete the purchase as soon as the rehab is done.To find out more about our Joint Venture projects, please visit our website: http://strandparkproperties.comWe're able to guarantee the return on investment (ROI) by finding buyers for the properties before listing them on our website for possible joint venture fix and flip.
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16 February 2025 | 5 replies
@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.
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10 February 2025 | 1 reply
Co-living is seen as a non-financial tool to encourage deeply affordable units, serving as transitional housing along the housing continuum.A study by Gensler and The Pew Charitable Trusts highlighted that adaptive-reuse co-living spaces could offer more affordable housing solutions compared to traditional studio apartments.
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31 January 2025 | 11 replies
If a home was previusly owned and lived in by a famous person, does it add much value?
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21 February 2025 | 4 replies
Since you're new, start by narrowing down a strategy—house hacking is a great way to get started with low upfront costs.
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18 February 2025 | 8 replies
Hey Randy - folding sleeper sofas almost by definition will have thin mattresses.
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10 February 2025 | 10 replies
The down payment is being estimated by our loan officer currently, but we are thinking around 12k which will leave us with around 6-7k leftover from what we had put aside.