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15 December 2024 | 38 replies
Temporary Housing Directory is another site I’ve used for insurance relocation claims
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21 December 2024 | 6 replies
They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.
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12 December 2024 | 12 replies
(I have read that CA likes to have their cake and eat it too by claiming any part of the chain of money/business no matter how small).2.
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6 December 2024 | 0 replies
The insurer claimed the Complaint alleged matters which were excluded from coverage and therefore liability was denied.
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18 December 2024 | 11 replies
In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.
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19 December 2024 | 24 replies
I get people calling crying they want to sell their lot they bought for $50,000 and I tell them they're lucky to get resale at $5,000...then of course they don't want to sell....but if they don't sell they're paying $1000 year plus property taxes for a lot that likely won't go up in value for years.So think about your exit strategy.
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16 December 2024 | 3 replies
If they claim not to have seen your offer you file a complaint with the local board of realtors and also with the state's real estate commission.
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19 December 2024 | 13 replies
We also have pretty high property tax bills (around 2% of the purchase price/property value) that eat into a lot of the rental income.
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19 December 2024 | 10 replies
Look for properties with low taxes, separate utilities, strong demand, and potential for rent increases.
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24 December 2024 | 8 replies
@Renee R. just a heads up that there can be significant tax implications to hiring a property manager vs. self-manage.