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20 October 2021 | 12 replies
Bought for $62K cashRehabbed and paid a crappy PM $37KLow Appraisal at $110kGot about $77k back with the Cash Out RefiRented for $1100/monthJust raised the rent in 2021 to $1185/month$1185 rental income-$598 Mortgage PITI-$118 10% property manager (Self managed now)-$118 10% Cap Ex-$118 10% Maintenance-$94 8% vacancy=$139 Pure Cash Flow per month What made you interested in investing in this type of deal?
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2 October 2021 | 26 replies
I feel it's purely a supply/demand issue.
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19 September 2021 | 10 replies
But I'm commission-only, and love the idea of creating a passive stream of income "just in case" and eventually paying off all debt and retiring at a ripe old age with $20,000/month of pure cash flow and 0 mortgages.
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13 September 2021 | 4 replies
Only big ticket items that are left is the roof- the rest is purely cosmetic.
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20 September 2021 | 53 replies
I've been to hundreds of them at people's homes, at clubs and many of those so-called seminars like the Trump seminars.You work all day at a job, go home to freshen up, drive to a meeting and get there around 6 pm and while your waiting for the meeting to start at 7 pm everyone is screaming pure bullsh... over each other.
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14 September 2021 | 6 replies
No batteries as we're on the grid and that would almost double the cost.
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14 September 2021 | 0 replies
Because of this I was able to focus purely on the design, rather than fixing problems, and still ended up with a strong profit margin.
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20 September 2021 | 49 replies
I would never go with purely VRBO, if you're just picking one, I'd stick with Airbnb.
17 September 2021 | 5 replies
We try to ensure the salt is applied enough to keep down dangerous/slippery ice and to keep the snow melted, but we don't want to go overkill having a "zero tolerance" ice policy like hospitals have, we just want to keep snow and ice down to an acceptable and safe level, without going over-budget.For some of our buildings where salt seems to be really deteriorating surfaces (mainly building sidewalks and masonry stairs) we thought about using a different product (either calcium chloride or magnesium chloride) however while they are less damaging than pure salt, they are also more expensive (something we are trying to avoid).What do you other landlords do that have midsize (10+ unit) buildings?
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26 September 2021 | 5 replies
. $500 pure cashflow is good.