21 December 2024 | 18 replies
Of course, it's always smart to keep funds aside for unforeseen or emergency related costs.Others who have already responded have provided some great opinions.
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24 December 2024 | 5 replies
You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage.
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31 December 2024 | 13 replies
Handling Unforseen DelaysA clause should address unexpected events beyond human control, including weather-related delays, natural disasters, supply chain disruptions, or unforeseen structural issues.
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15 December 2024 | 4 replies
Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.
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14 December 2024 | 3 replies
And having reserves or cash flow is key - will help you absorb any unforeseen situations.
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31 December 2024 | 418 replies
Due to current market conditions and unforeseen financial challenges, we have decided to temporarily suspend distribution payments.
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12 December 2024 | 7 replies
The property is old so we are having unforeseen expenses.
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11 January 2025 | 67 replies
But if I buy a property where the numbers pencil out negative, before any unforeseen issues, then in my current financial situation I feel like I'd be overexposing myself.
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31 December 2024 | 66 replies
Valves, supply lines, misc parts, unforeseen items.
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11 December 2024 | 8 replies
The renovation costs may include a contingency reserve and renovation-related costs.Contingency Reserves:Contingency reserves 10 % required for any unforeseen cost overruns that may occur during construction.Unused contingency reserves that were financed into the loan will be applied to the principal balance of the loan.