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30 December 2024 | 89 replies
. - Same here with folks that seem to never follow up.
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9 December 2024 | 1 reply
There are many folks, including myself, in this forum that can help and the more info you can provide (mainly numbers on the property), the more we can help you.
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16 December 2024 | 43 replies
Quote from @Jay Hinrichs: Quote from @Bruce Lynn: @Jay Hinrichs But I do understand the OP points and I think that folks just really dont understand the work and risk involved in ANY rental property short of NNN leases with super strong companies Exactly.
10 December 2024 | 2 replies
Hello folks, I am the landlord for a property, and the tenants are three friends who share a single lease.
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10 December 2024 | 22 replies
It's good to hear others are having success, but I would check if it works in your area before you spend the $150.I don't know if this would apply to you, but some folks think that FF works similarly to AirBnB or Vrbo where they will push resident requests to you.
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9 December 2024 | 20 replies
And for what it's worth folks, I'm not saying pick a side.
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11 January 2025 | 67 replies
@Rafael Roone thing to consider - most folks in your position who are in California and buy in a supposedly low cost market - Memphis, Kansas City, Baltimore, Cleveland - don't have the right expectations.
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6 December 2024 | 4 replies
Something that a lot of folks are likely not aware of, especially the newer investors.
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13 December 2024 | 16 replies
Usually, I find that folks who have less than 4.5% or so on their first are better candidates for helocs because the blended rate is less than a new 1st overall.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊