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14 November 2021 | 3 replies
.$800x3=$2400-HOA$1350-mortgage$900=$150$1200x3=$3600-HOA$1350-mortgage$900=$1350I have difficulty seeing the benefit against the risk to my primary residence and to be honest scaling up would be difficult as I would loose money if units were not rented.Option 2 is a duplex property which would only scale slightly over time with upgrades.$2000-insurance/yard$525-mortgage$900=$575Option 3 would be to find a 3 unit building that could make between $1875 per month after all expenses and mortgage and scale to $3075.00 with upgrades.Of course option 3 is sounding better but finding a 3 unit building at my price is not going to be easy.The 1% rule is becoming clouded when factoring in the cost of the home refinance.Please provide feedback on my way of thinking.
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16 November 2021 | 2 replies
With the career change however I'm loosing that advantage, and additionally the stable income. we have a very nice safety blanket but i would prefer to make that money start working for me while I'm still in, creating additional assets that will provide a stable enough income to continue to grow my investment portfolio.
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1 January 2022 | 1 reply
If this is not done from the start, you are bound to have many disagreements.
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3 January 2022 | 10 replies
That evidence is then used to file a complaint or lawsuit.It’s like the police, but for housing discrimination.People are free to collect their own evidence, as well, within the bounds of the law.
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4 January 2022 | 4 replies
Cash purchases should be avoided, you will loose credibility with your partner.A cash withdrawal from the company account might be broken out for small supply purchases, for example, or copying a key, but each purchase must be verified with the receipt; receipts will match the total cash withdrawal.
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4 January 2022 | 6 replies
#2 What I see is about 30% fee, that's the tough part...if you hit $3000/month and loose 30% of that, you're back down to LTR rate...plus you probably have extra expenses, like furnishings, utilities, consumables, lawn care, hot tub.
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3 January 2022 | 5 replies
Call the authority....it's that easy.Since you spent a lot of time, effort, money getting your license, you may be able to go inactive with the association and loose your MLS and key card access, but still keep your license active and earn referral fees with your broker.
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3 January 2022 | 4 replies
If there are not enough comps there, go out in distance (within reason), but try to stay within clear geographic bounds (e.g. major roads), stay in the same school district, stay in the same city.
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4 January 2022 | 3 replies
Scrape off all loose material, vacuum and make sure nothing is flaking.