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30 May 2024 | 93 replies
Nationwide we're in several quarter now where we see zero growth while residential RE appreciation keps agoing up.Residential real estate in theory and practice is always better than investing at asset that's valued using cap rate because that's derivative product of (a) supply-demand local apartment (b) the asset is valued only following rent income.About to say.......... in US it's way way way more "profitable" to invest at residential that appreciates , rather than a CRE where valuation is much more volatile and dynamics.I would lose money now if I buy CRE few years ago, luckily I made the right decision by investing residential where I can control and the appreciation curves is exactly like what I've forecasted.
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24 May 2024 | 9 replies
This week my community is having a meeting at a local coffee shop to get to know the neighbors.
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28 May 2024 | 19 replies
It's allowed me to do some of my own work like changing toilets and fixing leaking ceilings, but even if I don't want to do a job personally hopefully I'll have enough knowledge to not let a contractor over charge me, or recommend something I don't need.You'll also meet local contractors, and hopefully investors.They may offer an employee discount too.
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28 May 2024 | 5 replies
@Jalen De Leon I find it is always wise to seek out local lenders who truly understand the specific market you're interested in.
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29 May 2024 | 11 replies
I called a successful investor I met at local meetups who helped me walk the property (first time for me) and estimate a rehab budget so I can run the numbers and figure out what I can offer in the current market.
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28 May 2024 | 15 replies
Understand Local Laws:Familiarize yourself with local landlord-tenant laws to ensure you comply with all regulations.
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29 May 2024 | 10 replies
Also, I will need some direction to this local market.
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4 June 2024 | 221 replies
Remember, even your regular 401k/IRA money when you eventually take money out, will cost you a decent chunk of change for income taxes (oh, and state and local too depending on where you live).
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30 May 2024 | 25 replies
Here’s what you should do next:Check the Lease: Look at your lease for rules on early termination and notice periods.Document Everything: Take photos or videos of the property to document its condition.Send Final Accounting: Prepare a final accounting of the security deposit, showing any deductions for unpaid rent or damages, and send it to the tenant’s last known address.Re-rent the Property: Start looking for new tenants immediately to minimize your financial loss.Consider Legal Action: If the deposit doesn’t cover what they owe, you can take them to small claims court.Keep Records: Save all communication with the tenant, like texts and emails.Get Legal Advice: Consulting a local attorney who specializes in landlord-tenant law might be helpful.Best of luck getting this resolved.Carlos
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28 May 2024 | 5 replies
Mortgage is with a local bank in a small town that the business uses so they would likely notice this change.If the bank calls the due on sale clause could I refinance at that point?