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5 December 2024 | 18 replies
First one that went in was 3 months but stayed 11.
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27 November 2024 | 4 replies
If the mold is caused by a leaking pipe or water getting in from outside, then you should hire a contractor to stop that intrusion immediately, then dry out the home and remediate the mold at your expense.I also recommend reading and sharing the EPA Mold Guide.
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6 December 2024 | 12 replies
Note: This all pertains to the 2022 tax year and I still have a W-2 job which is the main source of my income.Given I've only owned a rental for one year (also my first home ever) and I'm very new to rental-related taxes, I of course hired a "good" tax advisor/CPA to help ensure I stay out of trouble with the IRS.
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20 November 2024 | 23 replies
I think the evictions are a tenant screening issue more than an issue with self-guided tours vs in-person.
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4 December 2024 | 18 replies
My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent.
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2 December 2024 | 34 replies
You DO NOT ever finance the property to a buyer/tenant with the intention or hope that they don’t stay in the property.
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29 November 2024 | 11 replies
When you are new as an investor, you also don't want to work with a new agent (you).Overall, I think a RE license is good for access (to homes to get reps and to the MLS) and I think the course itself is way more valuable for investors than agents (most just stay in residential and don't need to use all the weird stuff you learn).
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6 December 2024 | 27 replies
Maybe if I built a portfolio and had more funds to work with I could stay in state.
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1 December 2024 | 3 replies
Instead of paying 1250$ a month and staying in my current home I can pay 977$ per month and have an additional 4br/2 bath property.