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3 June 2021 | 1 reply
Therefore, my net gain after the sale, and paying off the existing mortgage, was $10,261.Summary of NumbersBelow is a summary of all the numbers.Total Invested of my Own Money = $0 (given I used a HELOC to fund this investment)Total Earned from Sale / Refi = $20,342.62Total Cash Flow = $1,047Total Earned = $21,389.42Why I SoldI currently have another investment opportunity I would like to capitalize on.In addition, given the age of the property (built in 1897), I could not see myself holding this rental another 30-50 years without significant capital expenditures, that were in excess of my original assumptions.Finally, I thought that this may be a better than average time to sell, given the current housing market.
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9 June 2021 | 4 replies
If you have excess funds in your business account, the solution may be to just distribute the cash to yourself.
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10 June 2021 | 20 replies
He can refuse to give you your deposit and bill you for the excess cost of the repair but you can tell him it was damaged when you moved in and damaged laminate always gets worse because the damaged areas let water in.
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6 July 2021 | 12 replies
I don't feel 75 miles per day is excessive driving.
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7 July 2021 | 13 replies
Not show up, bill excess because they think you can afford it and they have a new girl friend or whatever...
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7 July 2021 | 4 replies
If you buy lists make sure they flag do not call numbers so that you limit your contact to snail mail only.Email is pretty ineffective as it will usually get automatically moved by email software into a spam folder and you won't even get their eyeballs.If you have appetite to throw rehab into the mix (either flip or BRRRR) you can add Driving for Dollars.
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15 July 2021 | 38 replies
What if you take your excess cash and pay it off faster?
14 July 2021 | 5 replies
I metered the water/electric on the laundry room & found no excessive use of water/utilities.
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8 July 2021 | 2 replies
After initial acquisition of property its easy at:Excess annual cashflow / initial equity injection So let’s say you guys a property:$100,000 down on a $500,000 property, resulting in a $400,000 loan with the property throwing off $10,000 a year in excess CF after all expenses and mortgage payments.
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19 July 2021 | 4 replies
You can find out which banks have an appetite for mobile home parks by asking the MH/RV brokers in your area, networking through other owners of parks in your area, or simply obtain list of the smaller banks in your area/region and call them to see if they have lent on parks in the past.