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24 October 2024 | 139 replies
Seems to work out great for me.
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15 October 2024 | 5 replies
.- Consider consulting with a real estate agent or property manager to get a better sense of the rental potential.If you're not in immediate need of the cash, renting could be a good option, especially if the numbers work out.
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17 October 2024 | 9 replies
Hey @Dan DeGroffBuying as an investment property with a 0.75-1.0% higher interest rate and needing to put a minimum of 20% down (its actually 15% but the rates are so much worse at 15% that its not really an suitable option) when the home would actually be your primary residence is brutal.Partership are a bad idea 80-90% of the time, but could work out in some scenarios.
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17 October 2024 | 20 replies
Many times, they use phrases, and such that seem to be above their pay grade, but they use them to make themselves look smarter in my opinion.For example, one of the latest ones I remember is we had a property for sale and the guy that was tire kicking and looking to see what kind of deal he could work out ask the question “when do we want to close escrow?”
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16 October 2024 | 14 replies
If you're doing it project by project, I've found that they can work out.
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12 October 2024 | 2 replies
I’ve seen buyers in situations like this secure terms for primary residence use compared to investors.. so it might actually work out in your favor if your buyer wants to live in the home.Funny enough, a friend of mine ran into a similar situation in Austin last year.
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10 October 2024 | 9 replies
Under the routine maintenance safe harbor, if you had to do have the same maintenance completed within the last 10 years, you may be able to expense it as routine maintenance.
10 October 2024 | 0 replies
Create a daily routine of browsing these platforms for new listings and be ready to act quickly when a good deal pops up.
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9 October 2024 | 2 replies
If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).
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11 October 2024 | 7 replies
If one did work out, I'm concerned about doing my strategy (MTR) -- or any rental strategy post-rehab -- in the winter.I've spoken to some prop mgrs who are having a hard time (25+ days) to get renters in places.This is familiar to me as I have a SFH rental and rented it out two years ago from May-July (a 14 month lease).