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17 January 2025 | 4 replies
@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.
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14 January 2025 | 6 replies
2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%.
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18 February 2025 | 27 replies
Hey Christine, I might be biased, but you could look into Cleveland, Oh.Here are a few things to consider against investing there:- Slower appreciation compared to some other markets- Harsh winters, which can lead to higher maintenance costs- Many discounted single and duplex might need repairs or updates, especially if the previous owners haven’t kept up with maintenance over the years- Some local regulations to be aware of (nothing crazy, but worth noting when trying to close deals).But there are also some solid reasons to invest in Cleveland:- Affordable properties in the $100K-$300K range- Strong long term rental market due to a high rent to price ratio- Landlord friendly laws overall- Potential for great cash flow- Opportunities for Section 8 tenants- stable market once you have the right team in placeEvery market has pros and cons so it comes down to your budget, risk tolerance, and finding a reliable crew you can trust.
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20 January 2025 | 1 reply
This property is ready to welcome its next owner with no repairs or updates needed.
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17 January 2025 | 13 replies
Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.
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1 February 2025 | 30 replies
The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE.
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22 January 2025 | 4 replies
You will have holding costs along the way with repairs, maintenance, taxes, etc.
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13 January 2025 | 2 replies
The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs.
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18 January 2025 | 10 replies
There is a 'comp' listed for $200,000, but it was sold as-is and needed great repair.
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24 January 2025 | 0 replies
Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.