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2 February 2025 | 0 replies
I’ve had to step out of my comfort zone and do a lot of the repairs myself.
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12 February 2025 | 0 replies
Always super helpful to have another handyman in the city you invest for the minor repairs.
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24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
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31 January 2025 | 24 replies
Plenty of free resources to assist with this.
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10 February 2025 | 3 replies
Saving 15% for repairs/vacancies/capx.
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3 February 2025 | 3 replies
That is 80% of the purchase price and repairs or renovations that you can show receipts and proof right away without having to wait 6 months.
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16 January 2025 | 6 replies
Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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31 January 2025 | 0 replies
$3500 in repairs with little downtime in getting it fully occupied.
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7 February 2025 | 10 replies
Do you have any other resources that have assisted you in your jouney that I could check out?