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24 February 2025 | 11 replies
While the math per door is roughly the same, my thought is that I will have more doors still rented while I renovate one, and the overall costs for maintenance is roughly the same.
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5 February 2025 | 4 replies
I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.
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4 February 2025 | 3 replies
However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.
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20 February 2025 | 3 replies
.💡 How do you keep rehab costs under control and avoid surprise expenses?
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6 February 2025 | 18 replies
Even if they don't realize how much money you're costing them now, someone will tell them eventually and I don't think your canned wholesaling response is going to do much to repair the damage.
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12 February 2025 | 8 replies
It's worth about $350,000 and no liens.I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.Also considering selling and buying a turnkey str.I do plan on leaving the country and I'm not sure where I'll end up.Would love to hear the pros and cons from all you professionals.
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1 February 2025 | 13 replies
Quote from @Bruce Woodruff: @Brandon BlackmonI agree with Bruce, there is no PPSF model..
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3 February 2025 | 26 replies
Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.
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16 February 2025 | 11 replies
No Double Closings or Hard MoneySince the seller stays on title, I don’t have to use hard money or worry about double closing fees.