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21 January 2025 | 3 replies
This way if there’s physical damage by residents the company pays the first $500 to fix it.
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24 January 2025 | 11 replies
. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.
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3 February 2025 | 3 replies
I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)- If they use autopay for timely payments, they pay just the base rent ($1,000)In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.Please let me know if any software comes to mind and also any feedback on the positive incentive idea.Thanks in advance!
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3 February 2025 | 2 replies
Both of these allow you to low down payment loans to buy a primary residence with fixed interest rates.
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30 January 2025 | 0 replies
It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.
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3 January 2025 | 6 replies
YES, you can get the work done for less than this on occasion, in particular if you are doing some or all of the labor yourself, not pulling permits, or purchasing stolen materials as a starting point.
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23 January 2025 | 9 replies
When i press on the cracked areas, it does not appear soft or wet.I plan to fix it, but I worry it may reappear in months.
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7 February 2025 | 23 replies
Whether it be a fix-and-flip loan or a 30-year fixed DSCR loan, nearly all of the clients that I work with will opt for closing in the name of an LLC.As you may know, closing in the name of an LLC prevents the loan from reporting on your personal credit as a tradeline (unless you default on the loan).
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7 February 2025 | 1 reply
(or paint, or resurface the parking lot, or replace the boiler, or fix the foundations).You can potentially get approved for a loan out of college without work history.
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29 January 2025 | 6 replies
These were investments, the value of the assest are there, its the liquid that ran short and had to resort to credit cards to fix up the propertyYou spent $50k from savings, borrowed $50k from a 401k, and are paying it back over five years at around 7.5% interest, then borrowed another $40k from credit cards and are paying that back at around 8% interest, maybe more.