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7 January 2025 | 1 reply
Without taking a proper tour of the cabin and only driving by and seeing pictures of the inside.
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6 January 2025 | 77 replies
Additionally, it drives people away from the forums.
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16 January 2025 | 18 replies
However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.
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8 January 2025 | 6 replies
We have the drive to achieve whatever we put our mind to, the skills to create a very unique and desirable space, and the finances to back up our investment.
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19 January 2025 | 18 replies
Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.
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17 January 2025 | 12 replies
This in itself drives off about 10% of the potential candidates.
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17 January 2025 | 9 replies
At least that way you can still drive to the properties if you need to check in on something in person.
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3 January 2025 | 6 replies
@Wells H. you can spend DAYS driving through Detroit!
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6 January 2025 | 5 replies
One of the major driving factors for increased premiums is the carrier's requirement for higher replacement cost limits on file for buildings.
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4 January 2025 | 18 replies
If they are all in one area within reasonable driving distance then I’d find one PM you like and have them manage it all.