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7 December 2024 | 5 replies
The forelcosure auctions in my home State of Florida are all online.
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9 December 2024 | 15 replies
I have just received the same callThis a legitimate business model for a STR company, but the website raised a lot of red flags and I would not feel comfortable doing business with them.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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7 December 2024 | 1 reply
We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.
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7 December 2024 | 11 replies
Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.
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7 December 2024 | 1 reply
Review their online financials/annual statements.
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7 December 2024 | 2 replies
I just looked online and saw that in Seattle for months to month lease the landlord is only required to give 20 day notice.
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7 December 2024 | 15 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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7 December 2024 | 14 replies
In my experience, most of the online calculators are just taking an educated guess for you.