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5 January 2025 | 24 replies
Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance.
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26 January 2025 | 48 replies
I have done small things like switch from glass wine cups to acryliic ones that look like glass and take a damage deposit of $250 that helps mitigate small things breaking that are over $50.
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26 December 2024 | 11 replies
If, any bad tenant could be evicted in a few days and held responsible for the damage they caused.
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12 January 2025 | 20 replies
@Tayvion Payton here's some useful info:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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1 January 2025 | 3 replies
The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.
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7 February 2025 | 13 replies
Luckily I had a good reason because there was massive flood damage in the home.
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30 December 2024 | 24 replies
We were also able to recover $1,550 in liquidated damages from that resident which meant that you were not out of pocket at all for that property turn.
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26 December 2024 | 18 replies
The crash caused significant structural damage, and the driver fled the scene, later reporting the vehicle stolen.
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3 January 2025 | 26 replies
The best buyers agents provide insight to the market, negotiate to get a better deal, provides clarity to the transaction, steadies the nerves of buyers (first time home buyers for example), identifies problems with the property, introduces a whole cast of players to get the deal done etc.
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26 December 2024 | 21 replies
This slippery slope leads to practices that harm clients, damage reputations, and erode the foundation of trust that’s essential in the real estate investment industry.As brokers and lenders, we should celebrate the success of our clients.