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18 September 2018 | 7 replies
I guess my big questions are if there are any residential MF in the Aurora area as I do not have access to the MLS and if it is possible to create a house hack situation there.
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6 September 2018 | 1 reply
The ducts are in the ceiling and there is no attic to access them.
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11 September 2018 | 12 replies
The easiest access to the flat roof is from one of my tenant's windows.
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9 September 2018 | 5 replies
HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.
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7 September 2018 | 4 replies
I want to be able to improve the property somehow, create equity, and a place that someone is proud to rent.Solid fundamentals.
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6 September 2018 | 4 replies
I don't have money for a down payment and there are improvements that need to be made to the home that I want to use the equity for, so I thought maybe apply for a HELOC or home equity loan first since I will own the property once we sign the contract and then use some of that money towards the downpayment to pay off the seller and then I will be making lower payments.
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10 September 2018 | 9 replies
Another thing near the top of his list is adding value by raising the rents or making improvements interior or exterior.I would also research the local area rents and raise them when the lease is up or if their is a clause that says you can do that with the proper notice.
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16 September 2018 | 14 replies
@Garrett Holbrook I have MLS access from being an agent and it was in the agent notes section that only shows up if ur an agent.
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10 September 2018 | 20 replies
To focus on where you are now: if tenants move out, you would like to do improvements.
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26 September 2018 | 26 replies
But high level:1) If the units rental income doesn't cover mortgage its not going into my buy/hold portfolio , I have a separate "appreciation" portfolio for that on (think San Francisco where CAP rates are 3-4 , but if you can wait out or turn low rent controlled tenants you can improve the building profile.) 2) I am currently looking for places in B- to A- areas.