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2 July 2024 | 26 replies
Depending on the nature of what needs done, *in general* a good contractor will cost you about the same thing as you acting as the GC yourself because they get better pricing from subs than you will get, and pocket the difference as profit.
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2 July 2024 | 13 replies
I used to use Excel at the beginning and the business outgrows it naturally.
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3 July 2024 | 36 replies
For us, we started with a small PMS (PMS was bought by Guesty) and it seems that it’s natural to keep learning and needing more features.
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2 July 2024 | 10 replies
I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)I like @Kevin Sobilo method.
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1 July 2024 | 12 replies
Any suggestions on which method is a better way to furnish a rental property?
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1 July 2024 | 4 replies
I've decided to explore mid-term renting through Airbnb, but I'm unsure of the best methods to get started.
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3 July 2024 | 55 replies
I invest in Rochester ny (which is very tenant friendly) and the tenant friendly nature had given me issues yet, mostly it’s helped me reduce liabilities.
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1 July 2024 | 10 replies
**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.
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2 July 2024 | 10 replies
His book provides the knowledge you've likely already obtained, but also includes a state by state break down of if they are Lien/Deed/Hybrid states, applicable interest rates, bid method, information on redemption periods and references the states' statutes so you have a reference to keep yourself out of hot water.
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5 July 2024 | 73 replies
What seems to unique to the area (at least on a large scale) is electrical theft.You should also know about "Electrical Theft" in the Big D.Renters get electric shut off and pay someone to make an illegal hookup.Using fish hooks or other unsafe methods, WXYZ Reports: https://www.youtube.com/watch?