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11 September 2018 | 1 reply
If you search for this term via BP feature, I'm sure you will hit a ton of results.
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20 September 2018 | 28 replies
Your tenants will pay at least 50-60% of your mortgage or more, and you continue on your current budget and savings rate for the expenses or vacancies that will happen.
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11 September 2018 | 4 replies
I don't want to involve the parish continually as they tend to cause additional headaches.
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15 September 2018 | 6 replies
, maintenance (beyond what the HOA covers), and property management (if you ever decide to no longer self manage) - you may be losing more money than it initially appears.HOWEVER, the Beverly area is on fire right now, it is completely possible that property values will continue to climb quickly, and you could exit your condo in ~5yrs and make a nice profit (keep in mind you'll have paid closing costs once as a buyer, and once as a seller at this point, which will really eat into the profits if, say, you bought at $250k and sold for $300k - not a straight $50k profit, plus you had negative cashflow over the years too).So...
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14 September 2018 | 5 replies
Some advice I've seen online is to just network, get a part time job in the industry such as property management and continuing to read and learn then make the jump once i graduate.
11 September 2018 | 10 replies
This investment only makes sense as an investment under the following conditions:You can support huge negative monthly cash flow.You expect significant property appreciationYou expect significant rent appreciation.This purchase would have a huge amount of risk and I only see the upside if the appreciation continues like it has for the last 5 years which I think is unlikely.Good luck
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18 September 2018 | 11 replies
@Russell Brazil That’s interesting law there, if I interpreted that correctly.How about an example where, after inspection, the buyers communicates:“We have found additional blah blah blah, if the seller is willing to reduce the price by $5k we will continue with the contract.
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13 September 2018 | 6 replies
Continue renting and investing until you have more income than you know what to do with or have any use for then buy a home.
17 September 2018 | 5 replies
Normally the city or county will continue to bill the owner and when the owner finally redeems they city or county will send a check to you.
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11 September 2018 | 4 replies
Continue with the court process and get the judgement for non payment of rent.