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9 February 2025 | 246 replies
Otherwise, you will likely be copying someone else's false expectations.I have reviewed hundreds of such self-constructed logs, and most of them will not hold water.
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17 January 2025 | 9 replies
(And I would tell you to not buy a property that doesn't cash flow unless you have significant resources behind you that could absorb anything that could come at you - like replacing a $5,000 AC one month followed by replacing a $1,000 hot water heater the next).
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8 January 2025 | 11 replies
In other words, I can afford the house with or without tenants.
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18 January 2025 | 17 replies
On some older properties where perhaps you have one water meter for 2-3-4 units or one gas meter for 2-3-4 units, or units that share hot water, something like that the owner might pay.
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15 January 2025 | 15 replies
Other banks allowed us to do our own in house valuations.
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10 January 2025 | 2 replies
Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.
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15 January 2025 | 2 replies
If you can manage to keep up with the real estate market in these markets that we have come to hit, and still be able to navigate the unchartered waters.
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6 January 2025 | 3 replies
Hello,I purchased James Dainard’s new book The House Flipping Framework on Audible.
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11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.
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14 January 2025 | 2 replies
You want to make sure you aren't muddying the water and making the tenant think they have longer to get out.