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5 April 2024 | 0 replies
The kitchen is what's sold me in my first house and it'd a great lay out in my current house.My next house I'll be a bit more specific - bigger deeper sinks, pasta faucet even if I only use it once a yesr for a big jug of summer iced tea lol and a dishwasher, walk in pantry are on my check list.I feel other amenities like skylights or big windows, cellars for dry storage would be cool too but I'm not really a big baker or canner lol.Now it's got me thinking - imagine a hidden island?
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6 April 2024 | 19 replies
Those developers pray long enough while building out the building that the tenant will open and they can sell it off before taking a bath on it.The small to medium franchisees eventually if the have trouble get bought out by a Private Equity group that runs them like sh*t and makes their money back and sucks any remaining profit dry before they close or ask landlord for rent reduction.That's what 20 years experience teaches you versus buyers just looking at a cap rate thinking something is a good deal.
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4 April 2024 | 4 replies
@Jamaar BrownOn a BRRRR if your not “All In” (purchase & rehab) at 70% of ARV you will leave some of your cash in the property when you do a cash out refinance into your long term hold loan for the property.It’s not the end of the world, but it’s a rock solid ROT if you want to consistently cash out all your capital back out on a BRRRR.
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4 April 2024 | 5 replies
A current tenant has damaged the rental property beyond the normal wear & tear. (3 by 6-foot hole in dry wall; Garage access door complete broken off with damage door frame, the main entrance door way frame is broken and need to be replace, damage to the rear entrance door frame as well).
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6 April 2024 | 46 replies
To give you a more cut and dry answer however ...
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4 April 2024 | 32 replies
The combination of rotting food, rat droppings, and general decay was overwhelming.
5 April 2024 | 27 replies
That 250k in equity will likely dry up fast.Moving to a completely different area is also a major life decision.
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2 April 2024 | 49 replies
I would tend to think it was a dry trap that is leaking slowly.
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1 April 2024 | 6 replies
I already had to let one tenant out of her contract as she had small children.The gentleman that does my handyman work, and who built my house 40 years ago has suggested a well, but has to be done in April, during the dry season.