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26 November 2024 | 6 replies
Here’s how it benefits you:•Faster Evictions: The expedited eviction process minimizes financial losses from unpaid rent and property damage caused by squatters.
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26 November 2024 | 11 replies
Underwrite the property: Ensure your property works financially as a midterm rental.
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26 November 2024 | 127 replies
This not only creates financial strain for landlords but also results in fewer rental units being available, exacerbating housing shortages for new tenants.Another major challenge is the backlog at the Landlord and Tenant Board (LTB).
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22 November 2024 | 1 reply
Secondary markets will give you a balance of appreciation and cash flow if you buy in the right pockets and a good asset.
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23 November 2024 | 7 replies
If you can hold off for 2-3 years to save more and build a solid emergency fund, it may give you greater financial flexibility when you’re ready to buy.If buying now feels too risky, consider renting for a while to gain privacy without the long-term commitment of a mortgage.
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19 November 2024 | 19 replies
But definitely needs some financial education.
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21 November 2024 | 6 replies
Separate LLCs and bank accounts are needed for asset protection, bookkeeping and tax return preparation.
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23 November 2024 | 3 replies
HOA Dynamics: How has your experience been with condo associations in this type of asset?
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26 November 2024 | 15 replies
Detroit offers strong cash flow, appreciation potential, and affordability, especially if you’re interested in long-term holds.That said, where to invest ultimately comes down to your goals, experience, and where you are on your journey to financial freedom.
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27 November 2024 | 16 replies
And if the sponsor truly can't be bothered to answer your questions when they should be on best behavior and are most financially incentivized to do it (when trying to get your money), then they will have even less incentivized to do it, in the future, when there are problems and you have difficult questions to ask them.So personally I would consider that a red flag and move on to a sponsor who communicates reliably and on a timely basis.