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17 February 2025 | 9 replies
It does take 1-2 weeks to accomplish, so does require some effort and monitoring on your part, but sounds like you are a diligent self-money manager, so should be easy for you to accomplish.
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17 February 2025 | 10 replies
Some areas allow commercially zoned properties to share one large septic system (think sandmound or gravel type system) or would they require an individual on-lot septic?
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6 February 2025 | 8 replies
For example, a $200,000 property might require $2,000–$4,000 per year.
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21 February 2025 | 6 replies
Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.
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1 February 2025 | 5 replies
Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.
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6 February 2025 | 4 replies
The underwriting process is certainly more arduous than most acquisitions but through my personal experiences some of the lenders are far more knowledgeable about the requirements and make for a far easier process for both seller and buyer.
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14 February 2025 | 7 replies
These special assessment were thousands of dollars, and there was no sufficient reserves from the monthly fees to cover these large biggers, so the owner were required to cover the shortfalls out of pocket, what a great way to ruin your cash flow and ROI.There are benifits to condos, including tennis courts, playground, swimming pools, club houses, and fitness facilities.
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11 February 2025 | 6 replies
Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.
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10 February 2025 | 22 replies
Because Zelle requires more data entry I would explain with the new lease there will be a small and reasonable processing fee if the tenant kept with zelle but they can still use it.
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6 February 2025 | 2 replies
You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right.