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14 February 2025 | 19 replies
I think you confused my quoting Brown's posting as my own work.
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14 February 2025 | 9 replies
Right, @Karla Garcia but the trick in rehabbing is that you may think you know what needs to be done and how much it's going to cost until you start the process and then you knock down a wall and realize the whole house needs to be gutted!
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17 February 2025 | 10 replies
I think some people want it to just happen through osmosis or something.
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12 February 2025 | 5 replies
I would think things are a bit more easy in LA than Orange County (where I am at), but will appreciate any information at this stage during my research.
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17 February 2025 | 8 replies
Do you think his pictures provide enough evidence?
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16 February 2025 | 6 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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23 February 2025 | 2 replies
Think New York City, Los Angeles, and Chicago.Secondary Markets: These are smaller, but still significant cities.
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26 February 2025 | 21 replies
Or, if you put several Class D tenants in a Class A four-plex, what do you think will happen to the property?
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25 February 2025 | 7 replies
Love that you’re thinking ahead—getting your income lined up now will make buying way easier.Lenders want stable, verifiable income, so a W-2 job in Arizona is your best bet.
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15 February 2025 | 1 reply
I'd like to think I have *some* advantage in that the newer units are asking $2450-2800 for rents, whereas I'm happy at $2k.For 3 years I've had not ONE tenant problem.