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9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
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29 January 2025 | 32 replies
I'd personally never take capital that I am paid to manage without committing my full-time effort to the situation and putting a majority (I reserve the right in the future to make this 1/3rd of my position) of my wealth into the situation.
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9 February 2025 | 173 replies
Grocery stores, day care centers, parks, restaurants, shopping malls, distance to downtown, major highways, etc.
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15 January 2025 | 10 replies
This is the same process a national retail store chains use to determine store locations and what to stock.
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12 January 2025 | 23 replies
Most people I know start with low money down programs so they can get away with a initial capital investment of around $25k but you also need reserves.
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9 January 2025 | 6 replies
We work with an agent who specializes in leases and let her know of the properties we have available for MTR and she brings in a few reservations every year.
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19 January 2025 | 354 replies
This way we reduce our monthly legal expenses and have cash reserves to weather the next few quarters during the virus.
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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
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11 January 2025 | 4 replies
Focus on fundamentals: buy below market value, have strong cash flow (or a clear path to creating it), and maintain sufficient reserves to weather any unexpected challenges.If you’re strategic and stay patient, this market could create opportunities that lay the groundwork for long-term success.
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19 February 2025 | 171 replies
It looks like your actual taxes are $172k vs $285k and the $50k of lender reserve you had in Non Controllable Expenses was booked to capex (below the NOI) where it belongs.