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2 December 2024 | 7 replies
Electric baseboard is expensive and takes a while to warm up so on and off doesn't work.
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3 December 2024 | 3 replies
Get a powerful router that allows creating two accounts.
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6 December 2024 | 15 replies
I suggested to them we could split the costs 50/50 of installing the electric, the garbage disposal, and the labor for installing it as I would be more comfortable having my guy do it.
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13 December 2024 | 35 replies
Equity is it's chief super power.
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8 December 2024 | 21 replies
With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.
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17 December 2024 | 36 replies
Most sponsors who have actually survived multiple real-estate cycles, say that simple staying power through inevitable downturns is the most important key to long-term success.
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5 December 2024 | 5 replies
The BRRRR strategy is a powerful way to scale your portfolio, especially when you’re working with a limited budget and need to focus on cash flow.
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5 December 2024 | 6 replies
Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.
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4 December 2024 | 7 replies
Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately.
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4 December 2024 | 6 replies
LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.