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17 February 2025 | 12 replies
HEPA shop vacs we’re $6-700.
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18 February 2025 | 20 replies
They can say you failed to make a repair and wish to withhold ent to get previous rent returned. .
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8 February 2025 | 2 replies
They also have a link at the bottom of the page about what happens if you have repairs that can't be done within 21 days.
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17 February 2025 | 92 replies
Taxes, insurance or repairs, and then lose the property to foreclosure having pocketed what6 months or more rent payments with no expenses.
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7 February 2025 | 1 reply
One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.
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16 February 2025 | 7 replies
It puts a face to management and allows to open doors for repairs if need be and makes them aware of who owns property now.
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6 February 2025 | 1 reply
The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!
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16 January 2025 | 7 replies
Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?
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9 February 2025 | 4 replies
In Cleveland you can find below market rental ready duplexes that require minor repairs (keep in mind that discounted properties come with their own challenges).
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8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.