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28 October 2024 | 3 replies
This "house hacking" approach lets you live in one unit while renting the others, helping cover your mortgage and build equity more affordably.
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31 October 2024 | 18 replies
I’d suggest drafting a solid agreement upfront that covers everything—ownership percentage, costs (mortgage, repairs, utilities), how profit is split, and even exit strategies if one of you wants out.
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25 October 2024 | 14 replies
We hired another contractor (a church friend of a realtor that we'd used in the past and we trust this realtor 100%) and paid him $15,000 to start the same project and everything went great; he completed demolition, installed the new roof, and got some permits (roof permit, electrical, and plumbing).
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31 October 2024 | 14 replies
A property may look good on paper in terms of appreciation but might not generate enough cash flow to cover expenses and build long-term wealth.Not Having a Backup Plan:If something goes wrong in any phase, such as a longer vacancy period or higher renovation costs, it can disrupt the whole strategy.
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28 October 2024 | 1 reply
If you just say it was a "bad" wholesaler/contractor/partner that doesn't cover accepting responsibility for what you should have done differently to vet them, manage the partnership etc.
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30 October 2024 | 18 replies
They would like to keep the timeshare as they are reaching a point where they want to take more frequent vacations and it would help cover the cost of those trips.
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28 October 2024 | 24 replies
Hey so I just closed on a property in Polk County FL my mortgage is $1535 average rent in the area is $1500–1800 I have a freshly renovated house with 3b 2 ba 966 sqft I listed it on the higher side since it’s remodeled for $2100 I only had one person reach out to me and they were telling me the price is to high and I have not had any applicants I just paid for advertising on Zillow today and I posted the property yesterday I cover water and the property comes with washer and dryer hooks, loose pet policy and there is a laundry mat directly behind it.
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30 October 2024 | 4 replies
“If corporate feels they can make more money if they can get that person out and get somebody new in there, they can,” Torres said.Eviction by golf cartAt the Cyprus Apartments complex, with rows of tile-roofed buildings and more than 500 units, evictions were conducted under the shade of a golf cart as the temperature crept to 109 degrees.April Cordova, the property’s manager, surveyed the damage at an already empty unit.
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31 October 2024 | 44 replies
If you can leverage the cash flow from your rentals to cover costs and reinvest, it might allow you to scale more quickly.