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13 October 2024 | 3 replies
I think it is common to analyze deals and see negative cash-flow, BUT what are you analyzing?
10 October 2024 | 0 replies
Negative Cash FlowOne of the most common reasons to sell a rental property is when expenses greatly exceed rental income.
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14 October 2024 | 22 replies
That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.
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13 October 2024 | 5 replies
Like in MS its quite common to transfer title that way and title is insurable in other states your right all the quit claim did is release an interest .
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12 October 2024 | 2 replies
Already a co-owner of single family home with shared common space and bedrooms rented to individuals.
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12 October 2024 | 12 replies
Essentially a land flipper is actively seeking out properties to buy for a bargain and then aggressively marketing the piece of property to turn a profit.The flipped land can be sold for cash, but more commonly, flippers make money by offering the buyer financing and allowing them to pay the land off over a set period of time, with interest.
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13 October 2024 | 11 replies
In all reality it won't make you any money but it provides an amenity to your renters and will cover the expenses for the utilities it uses.
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12 October 2024 | 2 replies
The author and article suggests to utilize the climate risk data before committing to an investment and be familiar with specific risks in your area—whether it’s floods, wildfires or heat waves.They recommend these valuable tools to assess these risks:FEMA National Risk Index – Provides a comprehensive overview of natural hazards across the U.S., including floods, earthquakes, and severe storms.USDA Wildfire Risk to Communities – Offers detailed insights into wildfire risks for homes in specific regions, particularly useful for properties near forests or dry areas.Risk Factor – Analyzes flood, fire, and other climate-related threats for individual properties, giving you a risk score.Climate Check – Delivers property-specific climate risk ratings, covering heat, drought, fire, and floods.Do you consider environmental factors like flood and heat when investing?
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13 October 2024 | 11 replies
But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.
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14 October 2024 | 24 replies
(in fairness, this is not super common).