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9 January 2025 | 0 replies
But don’t worry, you’ll work with your agent ahead of time to agree on what this is, so you won’t be surprised at the finish line.3.
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7 January 2025 | 4 replies
Id generally like to buy and refinance 6 months to 1 year down the line and scale up bigger rentals.
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27 January 2025 | 35 replies
And that will hurt the bottom line.
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12 January 2025 | 25 replies
I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112 thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.
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9 January 2025 | 20 replies
And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby.
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7 January 2025 | 2 replies
Is the property under a high tension power line or down wind from the horse rendering factory or on a main thoroughfare or some other obstruction that you wouldn't want to live near?
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12 January 2025 | 12 replies
Depending on your credit score in the US and credit trade line history, you could put as low as 25% down.
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6 January 2025 | 3 replies
A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money.
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28 January 2025 | 8 replies
My attorney that handles SEC registration told me something along the lines of $1.5-2M as a minimum if I remember correctly.
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8 January 2025 | 9 replies
Leveraging a HELOC (home equity line of credit) could allow you to invest in multifamily without completely draining your savings.