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28 December 2024 | 1 reply
I have learned a lot over the last ~6 months about furnishing a property, managing/pricing a rental, understanding the ins and outs of Airbnb/Furnished Finder, and analyzing real estate investments generally.My business idea is to use that knowledge and start a company that does the following:-Furnishes properties for investors who want to turn their LTR into a MTR/STR, new homebuyers who want to house hack, or just any investor needing a rental furnished.
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27 December 2024 | 27 replies
One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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27 December 2024 | 7 replies
I understand they purchased their property bit earlier at a lower price, but the difference shouldn't be so significant.
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21 January 2025 | 35 replies
You can go on Thumbtack, TaskRabbit, etc and handymen will not go out for less than $125 a job plus supplies.What most owners who are not hands on do not understand is the value for their time.
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26 December 2024 | 7 replies
If I understand you correctly, you got the eviction by the court.
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26 December 2024 | 1 reply
Hi everyone, new to investing here but I've used the VA loan 3 times now and have had 2 at once so I have a good understanding of how it works.
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28 December 2024 | 3 replies
It’s a good idea to speak directly with an insurance agent who understands multi-unit properties to customize coverage for your specific situation.
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29 December 2024 | 6 replies
The bank then understands that their borrower no longer owns the property and calls the note due.
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2 January 2025 | 15 replies
Scenario 1 they don’t or refuse to move- eviction costs and/or lost rent Scenario 2 they move out and Cap ex and turnover costs, lost rent, advertising for new tenants in a somewhat of a qualified tenant shortage, headaches can be avoided by simply having a conversation with the tenant to see where their head is at, and that they understand what your expectations are.
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26 December 2024 | 7 replies
The key is understanding your comfort level with managing multiple units right out of the gate..