27 December 2024 | 3 replies
We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.
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3 January 2025 | 14 replies
There's no massive oversupply in the Tri Cities and nothing in Sville/PF/Gburg is going to affect it as it's an hour plus drive away.
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24 December 2024 | 5 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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28 December 2024 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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20 January 2025 | 37 replies
Next make sure you know what you're trying to get out of your investments such as do you want cash-flow or appreciation.
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26 December 2024 | 2 replies
Thanks Ashley, there’s a lot of information on this site and trying to absorb it all.
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27 December 2024 | 6 replies
@Nathan Deutsch Welcome TO BiggerPockets If you are not comfy with privacy issues while house hackingyou can try a FHA loan or start with a partnership to buy a STR etc
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27 December 2024 | 13 replies
The example does actually reflect my situation but I tried to keep it as simple as possible.
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30 December 2024 | 5 replies
I had a couple people try to claim that you could pay off your mortgage in just a few years with it so I looked into it.
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28 December 2024 | 12 replies
But I haven't found one better and I've been trying for at least the past couple of years.