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1 November 2024 | 5 replies
Things like GFCI outlets, vent fan issues, etc.Any quick advice would be tremendously appreciated!
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31 October 2024 | 6 replies
I.e. using John's $30/psf is great, until during your renovation you realize that a previous owner only update the wiring to romex in the unfinished basement, but didn't run it to all outlets and light.
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30 October 2024 | 3 replies
If one tenant moves out or unexpected repairs pop up, the other property can help cushion the impact.Of course, more properties mean more responsibilities...double the maintenance and potential headaches.
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31 October 2024 | 12 replies
Maybe assume 1 unit out of 5 has a $5,000 unexpected bill every 3 years?)
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29 October 2024 | 5 replies
Just keep 3–6 months of reserves in case of vacancies or unexpected costs. 3.
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28 October 2024 | 3 replies
Just make sure to include a buffer (about 10-15%) for unexpected costs, especially if you’re working on an older home.
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27 October 2024 | 23 replies
The scenario was that a buyers agent wanted to be an impediment to closing a transaction between on the final walktrough she believed that certain outlet's needed GFCI.
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28 October 2024 | 3 replies
This will probably be unpopular but you should save for a few more years even if you save enough for your down payment, if you are exhausting all your savings, you will struggle with any unexpected repairs.
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4 November 2024 | 34 replies
I don’t immediately think it was due to a medical issue or some unexpected personal circumstance, even though I have been there; it’s usually more along the lines of, 'They must’ve found something unsatisfactory with the property.'
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30 October 2024 | 21 replies
Also, be prepared for potential delays and unexpected costs, especially with long-distance renovations.