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10 February 2025 | 12 replies
If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.
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15 January 2025 | 9 replies
If you’re thinking of branching out, cities like Austin or San Antonio are worth considering, but staying local has its perks too.
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4 February 2025 | 31 replies
G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success
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23 January 2025 | 14 replies
Columbus is worth looking into as well if you want to hold real estate long term.
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15 January 2025 | 6 replies
They mentioned having two mortgages on the property worth about $400,000 in total.
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27 January 2025 | 6 replies
Texas tends to favor landlords in these cases, but follow the legal process exactly—any misstep could delay things.As for protecting against retaliation or property damage, installing security cameras (if you haven’t already) to monitor common areas might be worth it.
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15 January 2025 | 15 replies
It is now paid for, is worth triple my purchase price, and provides about $60K a year in rents.
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21 January 2025 | 20 replies
Your net worth and cash flow goes up exponentially when you tap into your equity to scale up and buy more and more cash flowing properties.
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16 January 2025 | 2 replies
. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.
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23 January 2025 | 7 replies
Some lenders allow exceptions for transfers to LLCs owned by the borrower, but it’s worth confirming first.Explore transfer tax exemptions: Chicago doesn’t make this easy, but there may be exemptions or reductions for certain types of ownership transfers.