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7 March 2024 | 0 replies
Among the Big Four, only San Antonio (12,254) posted a monthly increase of 1 percent.
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8 March 2024 | 11 replies
Taxable value is currently capped and at $119,508, taxes could go from $7600/yr to $15k, or almost $1000/unit per year increase.
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8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
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7 March 2024 | 35 replies
Instead, the commission is passed along to the investor in the form of increased equity.
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7 March 2024 | 13 replies
It is a standard expense to the partnership, similar to insurance, taxes, etc.
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5 March 2024 | 1 reply
For the District of Columbia, is there a template or any advice on what works to challenge property tax assessment increases?
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7 March 2024 | 27 replies
@Anthony Theokary Directly from the Philaelphia L&I website: A licensed Philadelphia contractor must perform the work, except for projects on an existing one-or-two-family home that don’t require an electrical or plumbing permit.The scope of work you are performing goes far beyond the limited exception which falls within the EZ permit standards.
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7 March 2024 | 1 reply
Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.
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7 March 2024 | 29 replies
The only thing is my property taxes go up with no limit with the increase in property values, 17% the last assessment.
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7 March 2024 | 5 replies
Im looking to get in at 3% down on a fixer 2-4 unit, do rehab and increase 20% equity to remove PMI.