10 October 2024 | 0 replies
These agents often have exclusive access to properties that aren’t publicly listed, and networking with them increases your chances of getting the first look at these hidden gems.Build a professional network Build a professional network of wholesalers, contractors, and investors using real estate forums like BiggerPockets.These real estate professionals often know about potential sales before they become public.
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8 October 2024 | 17 replies
The last straw was that we did not see eye to eye on rent increases.
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8 October 2024 | 11 replies
I am sorry, but I would run from that syndicatorIt sounds like you lost $13,000 from this investment or at least this property calculated as follows($50,000) + $5,000 + $32,000 = $13,000On top of that, he may have increased your overall tax burden by doing a cost segregation in year 1...
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8 October 2024 | 9 replies
Hey Felicia,If you have a genuine reason (increase in family size, relocation, etc.) for a new primary, then an FHA loan could actually be an option.
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9 October 2024 | 11 replies
Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.
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12 October 2024 | 54 replies
It's also always great to catch up with BP regulars I usually only get to see once a year at this conference.As for connections, we're trying to start a construction company and offer services to local managers to do preventative maintenance inspections in order to take advantage of our infrastructure and increase revenue while we aren't buying much.
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10 October 2024 | 28 replies
Take a look at the HOA and see if it changes every year, HOA price increases can factor in on your profits with respect to Condos
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3 October 2024 | 8 replies
But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.
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9 October 2024 | 8 replies
However, landlords must ensure that their late fee provisions are "reasonable" and do not violate the state's usury laws, which prohibit excessive interest rates and charges.Under Maryland law, commercial landlords are required to give tenants at least 45 days' notice before increasing rent or changing other lease terms, including late fees.
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8 October 2024 | 1 reply
These types of properties are easier to come by, often better priced, and can increase your overall rent for the property.