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16 February 2025 | 14 replies
.: As mentioned by others above, require your cleaner to remove all refuse from the property, including anything in the bins, every time they visit the property.
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5 February 2025 | 5 replies
You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow.
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15 February 2025 | 2 replies
It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.
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10 February 2025 | 12 replies
The paid version for sales has a lot more is not crazy expensive for a SaaS.
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10 February 2025 | 4 replies
If the permit wasn’t required, I wouldn’t have pursued the replacement at this time.
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10 February 2025 | 8 replies
Learned about his children, learned about the 60 units of apartments he owns and how he manages to keep the expenses low.
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22 February 2025 | 6 replies
That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)
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26 January 2025 | 11 replies
It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.
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23 January 2025 | 9 replies
@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset.
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21 February 2025 | 7 replies
With only requiring 5% down the money needed is very low compared to the Cash On Cash return you could make on a small Multi Family.