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8 September 2021 | 0 replies
Rental Income brings in $1195/month, and whenever we decide to move out, we will Cashflow about $1150/month, without any improvements to the property.How did you find this deal and how did you negotiate it?
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17 September 2021 | 10 replies
A good rehabber will know what to do and not do for improving the property, will be able to do it more efficiently and save time and holding costs, and probably will save you money on the remodel itself.
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3 October 2021 | 3 replies
Contract Price: $200,000Property Cost: $(130,000)Improvement expense: $(35,000)Zoning Attorney: $(10,000)This nets me a $25,000 in gross profit RE Agent Commission $(12,000)Capital Loss YTD from other investments: $(7,500)Net Taxable Profit is $5,500First time i am doing this so wondering what the cost of filing a 1031 exchange and hiring an intermediate for escrowing typically cost?
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9 September 2021 | 1 reply
Since I don't have any experience to offer since I'm just starting out, I do have time, energy, and I'm more than willing to help solve problems and add value for other businesses (by either improving one's social media and marketing presence to networking at other REIA's on their behalf) Would love the opportunity to connect, learn, humble myself, and get started.
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14 September 2021 | 6 replies
The improvements needed are simple cosmetic, sand floor, some new vinyl flooring here and there, paint, kitchen and bathroom upgrades, and new appliances.
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10 September 2021 | 3 replies
I suspect repairs will take 12 months and I will need 2 years to get the tenants to leave. not sure if the juice is worth the squeeze but the ability to project year over year costs, improvement work and the final refi must be out there in someone's excel folder. or am I over complicating things?
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16 September 2021 | 55 replies
I said, "doesn't sound like an emergency, I'll get you guys a screwdriver set, but there's different screw heads that I'll have to show you if you never done it before".On the other extreme, I got a middle age tenant who used to be a home improvement contractor, belonged to the sheet metal workers union working for a municipality, was furloughed at one point.
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10 September 2021 | 1 reply
Market driven appreciation is very subjective as opposed to forced appreciation through rent bumps and improving NOI.
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14 September 2021 | 22 replies
Unless you can further elaborate what your building or how it improves the cash-flow/property value I don't see this as a wise investment.
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11 September 2021 | 5 replies
Family has made all all the mortgage payments in the meantime, and incremental improvements to the property over time (added back deck with ramp, double paned windows to all bedrooms and living room).