5 August 2024 | 8 replies
I would recommend attempting to obtain the contact phone number independent of the number that the tenant provides, i.e. website of the property.
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7 August 2024 | 20 replies
I attempted offers to BRRRR in Indianapolis - huge stressors, renovation costs more than projected and ARVs not high enough (got out of those contracts).
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4 August 2024 | 4 replies
Make sure you understand the pros and cons of what you are doing and if you are actually accomplishing the goal you are attempting to accomplish.
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6 August 2024 | 9 replies
Especially as a first investment, this might be more than you want to attempt being further away.
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5 August 2024 | 21 replies
I posted a lot about my experience with investing in Indy - cash flow is difficult right now and any cash flow on paper is much different on paper, especially with Class C (repair issues, crime with stolen AC units and attempted break ins with my Class C).
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4 August 2024 | 37 replies
I am attempting to work with a property manager but I'm seeing a read flag and would love some input.This company wants to charge a 1 month placement fee for a new tenant, which I am totally fine with but also is saying they would charge me that fee AGAIN when the tenant renews their lease the following year.
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3 August 2024 | 2 replies
This is my first attempt at running an analysis of a Duplex I am thinking of purchasing for BRRRR.
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3 August 2024 | 8 replies
Agreed, in 15 years I've never really attempted to go after the wage garnishment, but now I'm looking at the option to see what the process looks like.
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2 August 2024 | 39 replies
My numerous attempts to speak with you have been ignored until now that I have chosen to share my experience publicly I still have all the receipts of everything that transpired and my numerous attempts to reach you.I really hope as a business owner, you do a better job at overseeing what is happening within your business and show you actually care when your business is not upholding the standards that were promised.
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2 August 2024 | 15 replies
They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.