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21 February 2025 | 30 replies
So as long as someone gets realistic with the TRUE cost to own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..
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23 January 2025 | 3 replies
I would underwrite buyers based on stability of income, financial payment history & ability to pay.
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29 January 2025 | 10 replies
Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.
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20 February 2025 | 11 replies
The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice.
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21 January 2025 | 6 replies
I am sorry, I am not good with a financial lingvo, could you please clarify?
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6 February 2025 | 13 replies
To avoid unnecessary liabilities, delaying acceptance or exploring a cash alternative may be the safest financial option.This post does not create a CPA-Client relationship.
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14 February 2025 | 25 replies
They didn't like it at first, but they learned the hard (financial way) to conserve heat since they were now paying for it.Have you considered switching all of the units to electric baseboards?
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23 February 2025 | 78 replies
She then met with her financial advisor, and immediately called me to complain that her future lifestyle was going to be “compromised” by the terms of our divorce.
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21 January 2025 | 5 replies
My current agent suggested if it made sense financially, to do some rehab work to get the properties rent-ready, but I do not have the liquid funds to do so and sell these as-is.
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8 February 2025 | 14 replies
Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?