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26 February 2024 | 0 replies
A mix of determination, perseverance, and a bit of luck can uncover hidden opportunities in unexpected places.
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26 February 2024 | 12 replies
Anyways so what Natalie said up there is just its a temporary exemption on 6+ freshly planted fruit trees intended to not tax you for improvements (Fruits trees) before they produce.
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23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
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24 February 2024 | 11 replies
It costs you vacancy, fresh paint, new flooring, potentially other updates.
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23 February 2024 | 24 replies
If, however, you are starting out fresh, and it is appearing as a new listing with no reviews, you could market it that way by taking fresh photos and giving it a face lift with the summary calling out that it is a new listing.
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23 February 2024 | 13 replies
If no, give them notice, recoup what you can from their deposit, fix the unit, and start fresh with a new tenant.
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22 February 2024 | 1 reply
Uncover valuable tips and strategies for maximizing the value of your property through carefully planned improvements.
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23 February 2024 | 22 replies
Your comments as a relative newcomer but with two behind you is fresh and very helpful.
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21 February 2024 | 8 replies
I tried to vet his community and it seems pretty legit based on what I was able to uncover and through questions I ask him and the onboarding coordinator, but I have trouble justifying the high price tag for something that seems sort of plausible on my own, yet he makes some valid points on how long some of these things would take on my own without the community.
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20 February 2024 | 3 replies
Do I just cut ties and get her out to start fresh with a new paying tenant?