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27 February 2025 | 10 replies
I was thinking of giving him 3 options.Option 1: He switches to a month to month lease changing to a weekly rent rather than monthly, the new lease will have different rules (ex. such as agreeing to a cleaning schedule and a liter schedule or trash needs to be picked up and placed in a trash can every 12 hours, human waste can not be stored in containers)Option 2: He moves out at the end of March, I keep the security deposit as rent and he does not have to pay February's rent and late fees.Option 3: I'll give him $400 to move out 3 days after we have this discussion.Thank you for any suggestions, I would like to handle this delicately as I don't want a squatter living with me.
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13 January 2025 | 1 reply
You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.
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7 February 2025 | 12 replies
@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.
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5 February 2025 | 2 replies
Maybe selling is the best option stop the bleeding and do something that is more risk adverse.
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31 January 2025 | 6 replies
The investor wants me to come up with a few options for how we can partner on a future deal (coliving home in the Cleveland market).
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30 January 2025 | 10 replies
@Nate MarroquinYou're in a great position to house hack before your income increases, and you have multiple financing options to make it work.
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31 January 2025 | 46 replies
I sure don't want to consider myself an abuser of this forum, and therefore don't see that as a proper solution.Nonetheless I do agree with @Joshua Dorkin that it can disrupt the flow of conversation... but I don't agree that most forums act this way; I've been a member of multiple forums, and most of them have options to delete posts... rather than contacting support or marking your own post as abusive.I digress...
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29 January 2025 | 3 replies
For investors looking to maximize returns while managing risk, here’s why this type of deal stands out compared to Treasuries.Treasuries: Safety with Limited UpsideTreasuries are an attractive option for those seeking safety, especially short-term bonds with maturities of one year or less.
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18 February 2025 | 27 replies
FYI, a 203k FHA loan is not a DIY-friendly option.
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20 February 2025 | 8 replies
Always consult with a qualified tax professional before making any tax-related decisions.Depreciation losses will have no effect on your financing options.