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1 October 2024 | 29 replies
The costs ROUGHLY range from $105-$120/ft for new construction single family on the low end (if you're careful on costs/finishes, otherwise you can easily run way over that with more expensive flooring, appliances, etc.) and multis can run $120/ft and go way, way up from there.
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30 September 2024 | 47 replies
I dont have much specific advice to help you with this one as it appears you may have just blindly trusted the system you bought into and now find yourself in a pickle.with these types of assets it rarely gets better so careful throwing good money after bad.U may need to just liquidate and and regroup.I dont suppose the company you paid for all this education and system is stepping up for you hear in a financial way ??
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30 September 2024 | 12 replies
Even if you lived in town, this is too much for a newbie.Good for you for taking care of your Mom....
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28 September 2024 | 6 replies
You’ll want specialized coverage that accounts for the fact that residents are receiving medical or custodial care on your property.
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1 October 2024 | 9 replies
I'd also carefully read the section on how the loss payment is made.
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3 October 2024 | 26 replies
It can happen so be careful about assuming it can't.
30 September 2024 | 3 replies
"Keep in mind there's a highway behind the house," or other things you know they would care about but aren't necessarily in the pictures.
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30 September 2024 | 7 replies
Past that I would consider a DSCR loan that would just care about the property and its rent and not so much that you are self employed.
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1 October 2024 | 13 replies
Are you finding the deal, are you managing the deal (filling the units, taking care of the maintenance calls, making sure rent is collected), are you funding the deal or going 50/50 on profits and losses.
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1 October 2024 | 26 replies
Like they are POed I don't believe their lies.Late is late, I am not a social worker and don't care why.