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4 January 2025 | 11 replies
You can try and fight it but does not mean you will be successfulI would also be curious to see what your property insurance looks likeFor me this is just another example that home prices are gonna eventually have to soften as between taxes, insurance and Interest rates home affordability is very challenging
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13 January 2025 | 31 replies
If that makes home buying affordable without putting you in a pinch financially, go for it.
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13 January 2025 | 30 replies
You all not be able to raise rents 50%, the renter in place will not be able to afford it.
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5 January 2025 | 17 replies
So the major issues in a house are a foundation issue or a structural issue, the next tier down would be a mechanical issue like Electrical, Plumbing, HVAC, then roof - which isn;t an issue a new roof is very common in a fix n flip, and then the outside facade: Brick repair, driveway repair, brick pointing.
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11 January 2025 | 49 replies
You might be able to afford a "better" property then.If you invest somewhere else in a vacation rental for example, you might also discover another place that you might like for retirement as well that might be more profitable.
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19 December 2024 | 1 reply
The most likely main focus of many congressional hearings on this nomination will be on how to address the affordability crisis in this country.
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3 January 2025 | 7 replies
Will look to refi next year and get all our cash back (have 1 year left on generous seller financing)Failure: still battling a tenant eviction industrial property, costing me money (I can afford) but time and my energy (not a great use)A ha moment: just to focus on higher equity slugs into fewer deals, the law firm is #1 for me2025 goal: complete exit, closing Jan 9, keep making offers, grow the law firm with less billables
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3 January 2025 | 12 replies
If the tenant is truly struggling due to a life event, the sooner we can work together to get her somewhere she can afford (and not have an eviction or negative credit report on record), the better for all.
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25 December 2024 | 12 replies
Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.
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19 February 2025 | 88 replies
If you do not have an accounting program I highly recommend STESSA it's affordable and Bigger Pockets recommends it.