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11 September 2017 | 18 replies
I'm 100% sure that if I called up the Bedford water department, said I was thinking of buying a house in the area and asked for a ballpark figure, they'd give me the best answer they could.Water is definitely the utility which is covered by landlords most often, but I think for the most part that's just because it's not separately metered very often.
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28 February 2019 | 13 replies
The only risk is if the company goes bankrupt (which in case I would then start self-managing), and the only costs I'll have to cover are potential structural damages (which would most likely be covered by insurance).Another plus side of having invested all cash, is that I will have potential access to lines of credit both for home equity (up to 70% of home equity), AND for future guaranteed rents (up to 60% of total 10 year rent roll).Already planning on the next property using the same strategy, but this time with traditional financing (looking for 100% mortgage).
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16 September 2017 | 14 replies
I looked at the BRRRR strategy, but I'm not certain a conventional loan refinance would cover everything.This brings me to my questions.
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15 December 2019 | 13 replies
Looking at the whole picture, I could see that she "might" be a victim as she claimed.
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12 September 2017 | 4 replies
I did not have Flood Insurance, foolishly thinking my hurricane policy would cover this type of hurricane related damage (learned my lesson) I'm looking at expensive repairs and possibly a home that my tenant can no longer stay in (they evacuated for the storm as did I) which would be a loss of rental income for the foreseeable future, on top of uninsured repairs.
1 October 2017 | 9 replies
I actually think we are leaning towards moving a small historic house onto the back of the property - found a big time developer that is going to cover the moving costs, because he cant demo the house, so the net cost to us is pretty minimal.
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11 September 2017 | 6 replies
Dead space in attics, basements, breezeways and covered parking can be a boon to the bottom line on rents AND future sales.
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11 September 2017 | 2 replies
Calling all experienced Syndicators here.For Foreign Multi Family Investors, how can they tell the difference between a C property and a D one, just by looking at pictures on Loopnet?
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12 September 2017 | 6 replies
Although, workers told me that he was always checking what they were doing and wasn't happy that the outside camera got covered, even though it was for the time to apply the paint and then it was removed.He reported the fridge was dead and also figured that a smell of sewer gas in the MB is due to a P-trap that was not installed when the sinks were changed.
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16 September 2017 | 20 replies
My C ... well thats a different story, I'm thinking about just selling it because of so much problems and I don't have enough cash flow to cover it all, otherwise I might do the BRRRR strategy (just found out about it) if i can find some private lenders.