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3 November 2018 | 17 replies
Agree with the above in that taking direct payments requires an extra level of effort on your part.
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28 March 2018 | 11 replies
Do you have a loan on the property or are you earning the $1,950 ($650 each) a month and it's a free and clear property?
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18 March 2018 | 20 replies
In fact, the "poor" dad was so convinced that the only way to make money is to work hard and EARN it, but he was missing the opportunities that the "Rich" dad had already discovered, which were the abilities to use OPM to earn more than just on your own.Your dad has SOME good points about low income housing bringing trouble and expense.
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21 March 2018 | 36 replies
Wouldn’t it be better to only allow a certain amount of extra money to be created due to the damage of existing paper currency ~1%... not 3%?
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25 July 2021 | 12 replies
@Jillian Sidoti I got really excited reading about Realty Mogul and Fundrise and others but then I read that if you aren't an accredited investor you can only invest 5% of your earnings!
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9 May 2018 | 2 replies
Also great to earn while you learn instead of waiting.
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19 March 2018 | 38 replies
They charge you an annual rate and then the out of pocket costs for extras like freon tend to make the repair costs as much as it would cost to hire your own person.
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20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price) - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K) Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
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27 March 2018 | 24 replies
If you have to go with custom sizes, and need extra framing or lots of new trim work it can start to get pricey.
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16 March 2018 | 5 replies
It was quite the challenge, and involved a lot of extra management time.On anything I do that is outside of affordable housing, part of my screening process for new tenants is that they have to apply online.