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22 January 2025 | 7 replies
When they sign the lease, it is one of the five key points highlighted on the first page that they have to initial.
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21 January 2025 | 3 replies
@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow.
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8 February 2025 | 8 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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29 January 2025 | 4 replies
It's a win-win.The key is to find out what they want, then find a way to give them what they want while getting what you want.
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28 January 2025 | 14 replies
The underwriting would be the key and some luck as well.
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1 February 2025 | 11 replies
A few key questions I have:1.
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22 January 2025 | 4 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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11 February 2025 | 14 replies
However, the key is partnering with a professional agency that not only supplies experienced VAs but also uses robust systems—like well-known CRMs—to track calls, monitor lead quality, and analyze performance metrics.Keep in mind that not every VA agency is created equal.
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3 February 2025 | 15 replies
Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.
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30 January 2025 | 0 replies
You’ll face hurdles like maintaining a steady deal flow, securing funding, managing renovations efficiently, and optimizing your exit strategies.This guide highlights key strategies for investors looking to transition from single deals to a scalable, volume-based distressed property investment model.1.