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11 June 2024 | 22 replies
If you go the brute-force approach (as JD insists), now they're being told they have to make good on your end, despite the fact that your lack of following up and making sure the money got to you for a month contributed to their loss of the second month's loss.
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12 June 2024 | 10 replies
That translates to a NET LOSS for your 8 unit property, just because 2 people couldn't pay, or the unit sat empty, etc.
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10 June 2024 | 39 replies
I put in some new flooring and paint, minor electrical, and a couple of ceiling fans (approx 20k in repairs, appliances, travel, and holding)I put in a new refrigerator, washer and dryer, and leased it myself to a family a few months later (6 months lease) through an insurance company because of their home being a total loss.
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9 June 2024 | 1 reply
You should increase the loss assessment coverage when you speak with a legit agent.
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10 June 2024 | 1 reply
If the landlord fails to inform the tenant and the latter suffers substantial loss or damage to his/her personal property as a result of flooding, the tenant may terminate the lease by giving a 30-day notice to the landlord.
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10 June 2024 | 4 replies
I like the B and C class rentals in Denver metro for that reason because there is a larger tenant base that can qualify and still cover the mortgage through job loss, divorce, recessions, etc.
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10 June 2024 | 9 replies
. :)175 pprehab 30kcontingency 5k at least 6 month hold depends on how much your putting down but lets figure 10k there.buyers in this price point almost always need seller assist on financing so 5k there.and then 7% sales commish250K X .93 = 232k - 50k has you at net loss of 18k..
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12 June 2024 | 47 replies
I've also looped in @Scott Smith (who has yet to reply) and feel it is time to cut my losses and start over with another firm.I could've gotten the same level of service and attention to detail for a 10th of the cost by going to legal zoom.
8 June 2024 | 4 replies
Brian decided to sell his property and take the proceeds into his next primary, and I decided to rent my property out at a loss monthly.My loss isn't near $2k / month, but you may find a few reasons you weren't thinking about that would help impact your tough decision on renting or selling!
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10 June 2024 | 12 replies
Any businesses profit or loss is factored into a debt to income ratio for an owner occupied loan via the tax returns.