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9 December 2024 | 7 replies
It doesn’t make sense to me to just raise rents 2% per year if market rents are rising significantly faster.
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5 December 2024 | 34 replies
The tangible/measurable benefits do seem to pan out over the life of the system especially if energy prices continue to rise.
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9 December 2024 | 8 replies
It might be $25K today, but if tariffs kick in next year (or the year after), the cost can rise (whether it is actually because of tariffs or because contractors want to blame it).I would get at least 3 bids and go from there.
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2 December 2024 | 7 replies
You can probably find an online link about how extreme temperature changes are not the ideal way to heat a home and cost more in the long run.I don't know what the local rental rules are where you are, but look them up and see if you can give her notice.
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10 December 2024 | 36 replies
Overall, the rise of commercial paper has been a positive for the investing community IMO.
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5 December 2024 | 2 replies
I also think that as more house flippers are on the rise and if they do not have the funds to pay for an interior designer or decorator maybe I can do some consulting.
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4 December 2024 | 3 replies
It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.
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29 November 2024 | 27 replies
@Jeremy Bloom the rag on the thermostat can be beat by placing a remote thermostat that is set to the legally required temperature with that remote thermostat actually controlling the temperature.
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11 December 2024 | 101 replies
Now, on top of the tourists, Mexico is literally invaded by hordes of remote workers, to the point that Mexicans are starting to complain about the ensuing rise in property prices!
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5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.