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8 December 2024 | 8 replies
I am not sure if it was just my market or more on their end but at the end it was a pretty big loss for us, so we cut it.
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5 December 2024 | 9 replies
When the tenant leaves or there is an eviction, you will be stuck footing all the bills with a low likelihood of recovering it.
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8 December 2024 | 7 replies
I have seen it too many times where an investor will buy an older property or even a new build, they net cashflow similar to you for a year ($100-$200 per month) and then a $5,000 repair or insurance/tax hike here hits them and it's a loss - they either get forced to sell or are majorly setback and unmotivated.
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7 December 2024 | 5 replies
Realistically, many properties that go to auction may be in such bad shape that they don't justify the high bidding amounts, leading to losses as I mention above.
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17 December 2024 | 86 replies
Hi Jeff,Sorry for your loss.
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2 December 2024 | 2 replies
It sounds like this may be a loss but I am sure you have learnt from it.
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27 November 2024 | 8 replies
Yes you have to pay capital gains on selling your properties, but you will recover that quickly with the high returns.
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6 December 2024 | 17 replies
Make sure you understand the basic math, what qualifies as a good investment, how to manage your investment and prevent losses, etc.I would start with Set For Life by Scott Trench.
4 December 2024 | 4 replies
Not sure is selling individually is worth the headaches or count my losses and sell as a whole, if there is any?
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13 December 2024 | 20 replies
If you are in this business long enough you will undoubtedly arrive at situations where taking the small loss even if not fair or warranted based on the circumstances is best if it keeps everything moving and avoids more costly delays, liability and inconveniences.In this case, if you withhold the $2K, you still have to find someone to complete the work to your satisfaction.