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28 November 2024 | 23 replies
There are several factors that could be affecting that, but definitely not an increase.
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27 November 2024 | 6 replies
Though I am a small time landlord at present, I would like to develop a system for this move-out business.
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26 November 2024 | 1 reply
So if it can do that, shouldn't it be able to be pointed to any website of your choice, search through groups/posts/etc and communicate with anyone who displays some kind of "intent" to sell, and if no intent is found, it could generate "curiousity" and help develop some curiousity from anyone in the group, and it could do this, until all possible efforts have been exhausted over time.
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2 December 2024 | 35 replies
Do you want to be in dense developed urban (such as Minneapolis), or surrounding urban (Bloomington, Richfield, Edina etc.) suburbs (Maple Grove / Plymouth) or semi-rural "path of progress" (Otsego, Monticello).
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2 December 2024 | 21 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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26 November 2024 | 12 replies
For most development, they are not a good use of the land, but if you can't develop that portion.
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26 November 2024 | 3 replies
However, if one property is overseas, there might be additional considerations to factor in.
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28 November 2024 | 4 replies
The city has good macro economic factors and a strong economy - I looked for cities that were at least better than the national average when it came to population growth, wage growth, median sales price growth, etc 2.
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27 November 2024 | 8 replies
Yes, you do get income on the other side, but the prices have bumped up so with interest rates and less inventory to buy, the net income is much less than a few years ago.You can still do it, you just have to factor that in and expect negative cash flow while you live there and then see how good it will be when you leave in a year and do it again.
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1 December 2024 | 377 replies
Unlike you, I've read multiple self development books but different fields.