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3 May 2018 | 0 replies
I am looking for a local bank/credit union which will offer low balance requirements to avoid fees as well as being investor friendly as I am building my rental portfolio.I would love to hear from your personal experience.Thanks
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6 May 2018 | 55 replies
Check with your bank for notes/holds you can put on the account to prohibit information like account numbers and balances being given out to see if they have any options that would work for a direct deposit.
9 May 2018 | 31 replies
I know there's a lot involved in this whole process, but it definitely needs to happen to help (hopefully) balance some things out.
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11 May 2018 | 20 replies
I am in the process of adding additional buildings to it.My point is keep analyzing until the proper calculations are second nature.
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8 May 2018 | 7 replies
I think everyone here does it a little differently, but I typically have a higher capital expenditure reserve in the beginning (10-20% of rent) until the reserve balance hits a comfortable level.
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8 May 2018 | 12 replies
The bathroom must have a 5' turning radius, the sink must be wall hung or open cabinet( 34" to top rim), the toilet must have the proper grab bars installed and at certain heights, the flush handle on the toilet must face the side that has the 5' turning radius not the opposite side.
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11 May 2018 | 6 replies
Some people will give the Seller 30-60 days extra where that is held in escrow - but the truth is that if you are clear and up front with them when presenting the contract, it won't matter and is not necessary.Finally, the reality is that if you do proper diligence and have a reasonable feasibility period (e.g. 2-3 months is standard for any commercial property) then you will be fine.
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26 June 2019 | 8 replies
@Rob Gillespie I have an opportunity to strike on an 8 Plex in East Cleveland, any chance you could be of any assistance in trying to value this one properly?
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8 May 2018 | 5 replies
Aside, of course, for not knowing how to properly analyze.
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9 May 2018 | 9 replies
The framework problem is completely separate issue which has nothing to do with her or her month to month lease ... as long as you have her proper notice that you would not be renewing her lease again then you shouldn't have a problem BUT section 8 might have different rules which I'm not familiar with.