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10 April 2018 | 1 reply
The black and white answer is that you need 25% down to purchase on an investment property.
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12 April 2018 | 14 replies
I don't think we black guys are meant for this climate!
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12 April 2018 | 68 replies
My personal experience too and this is for those that do not plan on owning them forever and willing them to your kids or next of kin at a stepped up basis.but for those like me that were thinking hey I will own these 7 to 10 years take the write offs then sell retail..I did all that sold retail but what I was not thinking about is that a 10 to 14 year old home even though I bought them brand new.. to sell retail what was acceptable when I bought them tile counter tops black appliances etc etcnow retail buyers standard is granite stainless new paint 3 colors floors perfect etc etc.so it was costing me 20 to 25k per home to do a retail up grade to sell them for retail prices.. along with cap ex ( which in my case was minimal) since these were only 10 to 14 years old.. but then roofs being replaced because of hail that cost deductible.. and so on and so forth.. the cost of owning and keeping these nice is just more than you can raise rents in most markets.. that's my experience I got top rents in the day but they never went up much during the 10 to 14 years of ownership.. just like I see modest type rentals that rent for 700 to 900 those rents have stayed pretty constant for the last 20 years .. and prices to fix stuff has gone way up..
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10 April 2018 | 1 reply
There was black slime in the guest bathroom.
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8 February 2021 | 19 replies
Bright aluminum is always available, but if you look around a little, you can probably also get dark brown or black, if that matches your shingles better.
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10 April 2018 | 2 replies
I will send more professional black and white letters or something with company logo if you have one.
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14 April 2018 | 14 replies
Unless demand for MH is red hot in this area and you can sell them off in 24-48 months, this deal looks like a time/capital black hole.
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11 April 2018 | 3 replies
I find this particularly 'aggravating' with RE agents, to date, because they think their employer and/ or peers are going to 'black list' them and/ or you.
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14 April 2018 | 3 replies
It seems like you understand property enough to keep building a solid portfolio without having to throw 1.5 mil of debt on Black .