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10 February 2025 | 17 replies
Our lease had an early termination clause requiring a one-month payment, but that didn't seem fair to her as she hadn't even moved in.How would you handle a cancellation prior to moving in?
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21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
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27 January 2025 | 18 replies
You are required to disclose knob and tube wiring to insurance companies.
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22 January 2025 | 1 reply
., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.
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3 February 2025 | 56 replies
Pretty impressive Johnathan,As you stated, the majority of your spending in Detroit has been turnkey properties that required very little work.
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27 January 2025 | 9 replies
It is DSCR based and no personal tax returns are required to qualify.
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22 January 2025 | 0 replies
By identifying the right buyer within our network and streamlining the transaction process, we added value without requiring extensive renovations.
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20 January 2025 | 31 replies
The only reason I got an LLC was to buy a commercial property because it was a requirement of the lender.
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22 January 2025 | 2 replies
I highly recommend finding a broker and have them find a policy that meets your specific requirements.
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20 January 2025 | 9 replies
Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required).