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18 January 2025 | 2 replies
I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).
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22 January 2025 | 9 replies
So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.
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14 January 2025 | 6 replies
If I were to reduce or take out the vacancy, the 2 would cashflow.
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4 February 2025 | 4 replies
Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.
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7 February 2025 | 9 replies
I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me.
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2 February 2025 | 14 replies
Labor, supply chain (we are on an island) and red tape: from offers and closing, to funding to permits.
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16 January 2025 | 12 replies
The owners refused my advice to reduce price and they both sat vacant for months.
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17 January 2025 | 19 replies
I have spreadsheets filled with material lists for every phase of the build that includes pricing for materials as well as labor, and sources that I use for them.
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16 January 2025 | 12 replies
Are you able to reduce your expenses quickly and easily if needed?
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22 January 2025 | 4 replies
Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.