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9 November 2024 | 6 replies
It's not a good strategy to scale IMO, but it is often a good strategy to help you build a solid foundation for your portfolio and then use those properties as leverage so you can scale.
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11 November 2024 | 9 replies
My husband and I started our property management business about 18 months ago and absolutely love the service and peace of mind we are able to provide to clients.Percentage of income is often how people charge but this varies widely by location and also type of rental.
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11 November 2024 | 4 replies
In Florida, land trusts offer some unique benefits similar to an LLC, such as asset protection and anonymity, which makes them especially appealing in creative real estate deals.While LLCs are often more widely used because they’re familiar to investors and offer clear liability protection across multiple states, land trusts can be highly advantageous in Florida due to the specific protections our state law provides.
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13 November 2024 | 17 replies
Most do so believing its only temporary but s*** happens in this business..... timelines get stretched, appraisals come back lower than expected, rates remain high longer than expected etc. etc. and what's intended to be a short term solution often adds quite a bit of strain to the property and your business.
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12 November 2024 | 11 replies
The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.
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14 November 2024 | 12 replies
I have negotiated short sales for myself as the buyer with the banks for 14 years and have seen this quite often.
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11 November 2024 | 8 replies
Without it, there's no guaranteed legal status, which could lead to being forced to leave the U.S. and potentially manage property from abroad—a complex and often costly endeavor.Real Estate Ownership and Rentals as a Non-Resident: If you do decide to purchase property and then move abroad, you can keep it as an investment, but it requires navigating tax regulations specific to non-resident foreign property owners.
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8 November 2024 | 4 replies
How often do tenants on month to month need to resign lease?
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11 November 2024 | 12 replies
The state of Oregon and the city of Eugene both have complex and unforgiving regulations that most often favor the tenant, so it is important that you learn about these laws so that you can make strategic choices now that avoid pitfalls later.Fortunately, the Oregon Rental Housing Association at the state level and the Rental Owners Association of Lane county at the local level can provide you with excellent resources.
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11 November 2024 | 10 replies
You should only have to worry about ongoing maintenance.5) What Class of tenant can't keep a job?