5 July 2019 | 8 replies
A lot of moving parts in this situation so I would recommend hiring a RE attorney that practices in the county the home is located in. I
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29 June 2019 | 3 replies
This also delays you while they are deciding what to do with you.Doing unpermitted work on your primary residence that you are going to live in is one thing.
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6 July 2019 | 7 replies
Shortly after moving in, I realized my crawl space/ unfinished basement had some issue with foundation and floor support.
10 July 2019 | 5 replies
And then you owe the rest at tax time (10-30% depending on the state you're in I believe).
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6 March 2020 | 19 replies
The area is about 2 blocks from the incoming Worcester Red Sox stadium coming in. I
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3 July 2019 | 9 replies
I look for deals with a CoCR of 10% or better.The CoCR formula is pretty simple: Annual_Cash_Out / Annual_Cash_In.Annual Cash Out is typically Rents minus Expenses (Maintenance, Management, Taxes, Insurance, Repairs and Capital Expenditures) minus any Debt Service.Annual Cash In is Acquisition Cost plus Closing Costs + Rehab Expense).So, when I'm presented with a possible rental deal, I assign numerical values to all these variables except one: Acquisition Cost.
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30 June 2019 | 3 replies
I know if we're truly worried about leaving money in the deal then we should be buying with more conservative margins, I'm not worried about leaving cash in I just want to be more accurate.
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30 June 2019 | 0 replies
The market I buy and hold in is very "affordable" ARV's ranging from 90-140k.
1 July 2019 | 1 reply
It’s been on the market just 3 days with 6+ showings so I’m feeling pretty good.I’ve got a lot of work to do on the new house which is a single family, walking distance to mass transit, but once we settle in I want to start looking at more opportunities.Jim
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1 July 2019 | 3 replies
The area it's in is one of the most lucrative areas in NJ with average home values going up 25% in the past 2-3 years.