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2 January 2025 | 1 reply
A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.
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1 January 2025 | 12 replies
I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.
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4 January 2025 | 8 replies
Our software has an option to have someone who looks at our pricing daily and tweak yes.
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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2 January 2025 | 2 replies
I would think selling would be the best option so you can move on from the property and then invest elsewhere (not in an IRA thereafter).
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7 January 2025 | 7 replies
My opinion only 2 cases make sense for the seller 1) they have few options and this presents the best means to get out if a bad situation.
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2 January 2025 | 10 replies
STRs are an option too, but you’ll need to navigate stricter regulations in some areas.
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2 January 2025 | 2 replies
was just re-listening to your episode this weekend as I'm looking into some rezoning options myself!
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9 January 2025 | 14 replies
You are limited in your options if something worse should come along later, such as a large investment going bad.If $10,000 CDN is a show stopper for you, how do you expect to manage a $600,000 CDN property?
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8 January 2025 | 10 replies
If it is purely and investment, then a LTR is a very viable option, as there is good demand for LTR.