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12 June 2024 | 27 replies
Swapping one breaker takes modest time (15 to 30 minutes if no unexpected issues including time to identify the circuit), but swapping additional circuits at the same time requires very little additional time (probably less than 5 minutes each).If AFCI breakers does not meet code, The possible solution could be as simple as installing a GFI on each circuit.
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12 June 2024 | 46 replies
Determine what your financial expectations are for an investment property, run your numbers very conservatively (and for gosh sake, include room for unexpected costs, even on a new build) and then see if it makes sense.
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10 June 2024 | 0 replies
I could technically get $332K out, so this leaves a little meat on the bone to cover closing costs, potential unexpected rehab issues, etc.
11 June 2024 | 5 replies
In my RE journey, I have seen several unexpected issues while renovating houses.
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12 June 2024 | 6 replies
After reports of unexpectedly persistent inflation, mortgage rates increased in April on expectations that the Federal Reserve will likely push back its first cut to the primary policy rate, which was originally expected in June of this year.
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9 June 2024 | 9 replies
Just a thought.Depends on if you have cash reserves to cover the pipe replacement now; if not, you could save a certain amount each month to put towards eventual replacement.I guess you just have to decide if you want to pay to have the pipes replaced now, or at an unexpected time in the future.
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10 June 2024 | 30 replies
And that’s what ppl think they can find if they listen to real estate podcasts that set improper expectations (and really just want them to spend money on their products/deals)That being said year 1/2 can be rough with unexpected (should have expected) repairs from the prior owner.
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11 June 2024 | 46 replies
Then add 10-20k for additional unexpected budgeting.
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6 June 2024 | 2 replies
A heloc is an open end mortgage or in simple terms its a high risk credit line similar to a credit card that sits in 2nd lien position adding another trade line to your credit and reducing DTI.Just like a credit card if you ever miss a payment on any debts on credit or if your scores drop unexpectedly they bank can close or reduce your line of credit.
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11 June 2024 | 116 replies
Just bought my first property and I feel like I'm on high alert waiting for the unexpected boogeyman to pop out and ruin the deal.