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13 December 2024 | 2 replies
Do you have a a significant budget to get plumbing, electrical, mechanical, etc to the building?
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19 December 2024 | 13 replies
I clean it up a little and sell it for more and a higher interest rate.
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17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
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31 January 2025 | 170 replies
They were unable to do so and have ostensibly walked away from the project leaving their partners to clean up the mess.
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19 December 2024 | 24 replies
Probably will never be utilities there like electric or water.
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11 December 2024 | 5 replies
She verified vacating the apartment on Dec 1st and shut off the electricity on Dec 3rd.
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17 December 2024 | 29 replies
Frankly, I'm not crazy about tenants messing with anything that has to do with connecting water that is always left on (ie dishwasher, washing machine) or electricity that needs to be specifically wired (ie range, dryer).
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13 December 2024 | 17 replies
@Jason Tucker you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense.
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19 December 2024 | 25 replies
Do you turn in clean PLs on each property?
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27 December 2024 | 34 replies
My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.