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7 January 2020 | 9 replies
That probably is not feasible though since you moved away.
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7 January 2020 | 5 replies
That being said, what are your suggestions on the best way to receive the smallest loss from all of this?
10 January 2020 | 3 replies
I purchased a home via “Subject to”, I’m listed as additionally loss payee insured on sellers policy & of coarse I own the Deed.
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8 January 2020 | 3 replies
You are responsible for mitigating your losses by re-renting the property.
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10 January 2020 | 15 replies
@Calvin Kwon Have you talked to property management companies operating in the area regarding feasibility to the section 8 tenant pool and rates for the area?
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13 January 2020 | 10 replies
With depreciation and tons of mortgage interest and property taxes you’re probably paying, you’ll most likely show a loss on the property for awhile and not have to pay taxes.
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9 January 2020 | 7 replies
12 months is too long, I'd give a 3 month feasibility period with hard money down.
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10 January 2020 | 10 replies
The guy left holding the bag would have the right to go after the other dead beat roommates to recover any of his losses.
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11 January 2020 | 12 replies
If on refinancing he takes a loss that's his loss to take just as if he made a gain it would be his gain to keep.
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9 January 2020 | 3 replies
Gross income @ $480 per unit and no rental loss is 115k. 25k/115k= 21% expense.