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2 January 2016 | 60 replies
I guess you mean that most properties there don't cost more to service (mortgage, insurance, vacancy allowance, cap ex, maintenance, management, tax) than half of the gross rent.
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24 September 2015 | 5 replies
I do believe that the property can support rent increase because it's within one mile of a university.
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24 September 2015 | 8 replies
Trip is expensable, but the TIME...It is still at least close enough for a weekend trip once a year to check things out, but if I had to turn a place, etc. it would get really ugly real fast, and property management is not really reasonable in price, taking 10% off the top of gross income, which ends up being more like half of my net profit for merely being available in case something happens.
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28 September 2015 | 53 replies
If you want I would be glad to link in a half dozen more professionals on here or attorneys, and have them give the same opinion.
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29 September 2015 | 6 replies
It seems to me like you should get your subs lined up pay them time and a half or something and plow the rehab at full speed.
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2 October 2015 | 7 replies
Myself and a partner are currently about halfway though our flip.it was originally intended as a buy and hold but we decided we would be better of to flip it due to it not being entirely suited as a rental (on a huge yard that needs alot of maintenance and a little out of town).so we decided to sell it,and I will but my half of the money into another property,but rent and hold it.Anyway were currently unsure about some things and i thought it would be a good idea to come on here and ask.when we are finished,the house will be a 3 bed,two bath with a finished basement.However,we are really stuck on how much things we should update.we are in Northern BC,Canada and winter is coming fast.My partner (matt) wants to just finish up ASAP and just get it to OK standards (put in the new floor,paint the old kitchen cabinets,finish up the bathrooms and what else needs to be done and put it up for sale during the winter.Problem is that houses dont sell very fast here in the winter and can sit on the market for a long time which dosnt look good,and you tend not to make as much on them.Also...the house has stucco which is ugly as sin...the house was built in the 70's (and im sure was very stylish back then!)
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25 September 2015 | 9 replies
We both went in half and half for down payment and repairs on a duplex in Minnesota.
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25 September 2015 | 3 replies
Insurance has paid for the house to be gutted and the mold to be "remediated" but for some reason the current owners have stopped half way through and are selling it for about 50K below market.
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26 September 2015 | 2 replies
You might not be able to ask for two appts rate for each but you can maybe ask for one and half appt rate.
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28 September 2015 | 3 replies
I went though a half dozen agents before finding one that understood the need to move quickly.