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25 January 2025 | 4 replies
All the add-ons are a la carte so you can definitely get a lot of value based on what you need.One thing I personally don't like is that when tenants pay rent, they are charged $1 per transaction for ACH use.
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21 January 2025 | 6 replies
Actually, it is possible do structure a 1031 Exchange on the sale of one or more relinquished properties and then using the proceeds through the 1031 Exchange to construct improvements on real property you already own.
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2 January 2025 | 12 replies
So for her, the fees of 3% at closing and 1.5% per year is a steal vs paying $400,000.
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29 January 2025 | 24 replies
We couldn't close and had to have (and pay for) a re-inspection, even though the hurricane did not come anywhere close by.
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23 January 2025 | 3 replies
Go to court, judge will hear them out and then ask; "did you pay the rent."
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11 January 2025 | 31 replies
Or they have it figured out and are going to cure via paying or modification etc etc.
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8 February 2025 | 42 replies
With that being said, I personally know several people who've had tenants that stop paying their rent and try to hang around for as long as possible.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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7 January 2025 | 13 replies
Google for a Service Agent who does Evictions and pay to get them out.
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23 January 2025 | 7 replies
For my account I pay $10 per quarter while the loan is active so only $40 a year to borrow this money.