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22 November 2024 | 33 replies
It's best to consult a local attorney
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18 November 2024 | 8 replies
For the STRs, there’s probably local podcasts or resources you could tune into.
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19 November 2024 | 7 replies
Let's see how we can connect and hopefully can provide benefit to both of us especially since we are local.
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18 November 2024 | 12 replies
. :)@Ronald Rohde yes, I can get a 5.75 -6% with my local bank.
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20 November 2024 | 9 replies
It's the one thing that will take your from analysis paralysis to action because it's the only way to put the learning you've done from podcasts and books into real life - by talking with others who have done what you want to do or who are trying to do what you want to do.Get your finances set and talk to a lender so you know what you can afford.Stay local.
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19 November 2024 | 20 replies
I’d encourage you to go to the local events like @Jonathan Klemm mentioned.
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19 November 2024 | 21 replies
If you need any local boots on the ground, let me know and I can assist, I'm in Akron daily.
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21 November 2024 | 10 replies
All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?
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19 November 2024 | 14 replies
Check with the local regulations on permits and what is required.
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22 November 2024 | 92 replies
A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.