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29 October 2024 | 5 replies
If your property is owned by an LLC using it for personal use may negate any liability protection the LLC would have offered. 6.
29 October 2024 | 7 replies
If you plan on moving and keeping the other property as a rental, it's imperative to ensure that the revenue from the rental far exceeds the debt payments from the new refinance since you don't want to create a negative cash flowing property, aka a property that cost you money each month.
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28 October 2024 | 8 replies
The extra HELOC payment can cause negative cashflow, leading to possible foreclosure and/or bankruptcy.Should you pursue RE investing?
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30 October 2024 | 15 replies
That is another issue with more people there.I would speak with the tenant about it.
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28 October 2024 | 6 replies
I will say they all speak English waaaay better than I speak any other language. :)
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30 October 2024 | 236 replies
You are correct in that one would have to speak it to make it a slander.
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30 October 2024 | 12 replies
I did jump to conclusions as my emotions got the best of me when I did not hear back from Lacey.I had the chance to speak with Lacey this morning and also Scott at RTR.Lacey had some family emergencies she was dealing with as a result of the recent hurricanes.
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30 October 2024 | 15 replies
I personally like long term rentals, but it sounds like the numbers don't make sense and if you cant afford to or can't justify covering that much negative cash flow then another strategy is renting by the room, that works well if you have or can convert to at least 4 or 5 bedrooms.
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28 October 2024 | 24 replies
Negative $455/Month and at that price/rent point, poor historical rent growth and appreciation.What is the expected source of return?
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29 October 2024 | 4 replies
@Marc ShinI would probably speak to them first on the phone or face-to-face and then send them a formal letter.