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9 February 2025 | 173 replies
Is it covered by some bonding or insurance the inspection company holds?
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22 January 2025 | 22 replies
Because after purchasing the new rental for $700K that leaves them $300K initially, so take $260K to pay off their mortgage, and still enough left to cover a good chunk of the taxes owed.
17 January 2025 | 2 replies
I also cover the yard maintenance so it always looks nice.
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27 January 2025 | 8 replies
Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
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20 January 2025 | 7 replies
Invest in Fix-and-Flip Properties:Use the $50K as a down payment or cover acquisition costs for a non-recourse loan (required for SDIRAs).
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18 January 2025 | 17 replies
Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.
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17 January 2025 | 6 replies
We're new to real estate and would appreciate advice on our current home in Texas and our future place in Oregon.We love our house in Austin and aren't ready to sell, but as a long-term rental, it would yield (from what I understand) negative cash flow, covering principal and interest but not taxes and insurance.
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22 January 2025 | 22 replies
HOA covers twice daily valet trash too.
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1 February 2025 | 9 replies
The property could be boarded up with no pictures.
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16 January 2025 | 2 replies
Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying?