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7 February 2025 | 13 replies
I had miscalculated the repairs that would be needed to get the home back up to liveable condition and I had to go back to the seller to renegotiate the price.
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8 January 2025 | 13 replies
It doesn't cover any loss of income due to your rental being repaired.
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15 January 2025 | 7 replies
Most PMA's give a dollar amount for repairs and you would have to know what yours.
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3 January 2025 | 5 replies
The most important thing for you to learn as a wholesaler is repair costs.
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6 January 2025 | 31 replies
If the age of your equipment is older, or it stops functioning, those repairs can also add up.
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8 January 2025 | 11 replies
This isn't always the case, but in general, I've found Section 8 homes tend to require more frequent minor repairs.
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8 January 2025 | 5 replies
This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due.
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7 January 2025 | 8 replies
I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message!
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17 February 2025 | 92 replies
Taxes, insurance or repairs, and then lose the property to foreclosure having pocketed what6 months or more rent payments with no expenses.
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7 January 2025 | 0 replies
It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.