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15 January 2025 | 12 replies
Did you or did you not meet 500 hours of material participation as needed?
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15 January 2025 | 13 replies
its cheap compared to what you get I found a strict foreclosure in Oregon that their site was on the only one tracking it and we made over 300k on that one deal.
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20 January 2025 | 1 reply
We didn’t meet the wife, but we were able to meet the husband during the showing.
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4 February 2025 | 9 replies
This person will take calls from you and, if needed, willing to meet you at the property.2. family sport This asset benefits everyone.
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17 January 2025 | 5 replies
I spent months reading, browsing forums and meeting with other investors to prepare.
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21 January 2025 | 10 replies
You can put a clause in your lease that requires tenants to meet tradesmen.
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24 January 2025 | 11 replies
Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.
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16 January 2025 | 40 replies
Primary host with brand account + co-host with personal account-Pros: Could continue to scale and then sell all listings & account together as a business rather than strictly real estate assets (more valuable with the 10 cabin property than with the SFH STRs).
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3 January 2025 | 4 replies
.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
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21 January 2025 | 4 replies
Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.