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16 January 2025 | 26 replies
Depends how you approach them and if you’re ready to pull the trigger when you find the right deal.
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20 January 2025 | 19 replies
I want to work with providers and companies that can accept responsibility and take a "customer first" approach, rather than getting defensive and making accusations, and your response is John actually hurts you more than helps.
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28 December 2024 | 1 reply
Ourcurrent approach involves identifying possible contact information for thelisted owners and calling multiple numbers, but this process is time-consumingand yields limited results.
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6 January 2025 | 8 replies
Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.
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17 January 2025 | 24 replies
He confronted (and still does confront, present tense) the hand he was dealt with dignity and a “no excuses” approach.
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4 January 2025 | 12 replies
Your first clue will be how they approach showings.
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29 December 2024 | 5 replies
Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.
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15 January 2025 | 29 replies
This is why I prefer the cash-for-keys approach.
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8 January 2025 | 9 replies
What worked for him.. and could work for you.. is taking a calculated approach by "house hacking."
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18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.