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8 February 2025 | 49 replies
As such, I’ve focused my research on out-of-state opportunities, particularly in the Midwest and other promising markets.In order for me to comfortably leave my W-2 job, I would need to secure no less than $350,000 annually, as that supports the lifestyle we’ve grown accustomed to.
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11 February 2025 | 13 replies
Have heard from a neighbor who is still in touch with the landlord that he is talking about buying a sailboat and sailing around the world... not sure if he is serious about this or not but suggests to me a desire to move on from current lifestyle.4.
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30 January 2025 | 4 replies
Immediately after one complaint our staff runs over there and they did not hear anything but normal family sounds.
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19 February 2025 | 32 replies
Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8.
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2 February 2025 | 4 replies
Subject-To is for giving someone who would not normally have control over the loan control over it.
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5 February 2025 | 28 replies
Instead of following trends, tailor your space to the lifestyle of your target market.
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19 February 2025 | 14 replies
Since it looks like you are fully occupied and stabilized, you would be able to rate and term these quickly, since bridge loans normally don't have any prepays.
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3 February 2025 | 15 replies
They are pretty "normal".
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21 January 2025 | 10 replies
Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.
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14 February 2025 | 19 replies
We have a solution for this where you do not need to wait to cash-out at normal 30-year interest rates!