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11 March 2024 | 3 replies
Originally stood for MAKE ME A MILLIONAIRE.
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11 March 2024 | 12 replies
Evictions are quick and easy (just a few weeks, faster than most states), judges have always been 100% on my side, sheriffs conduct the move-out quickly with no fuss, there’s no notice required for owners to inspect or enter the property if they want to (I usually still try to give some notice out of courtesy, but it’s nice that I’m not required to), rent control was prohibited entirely across the state in 1981 (recent efforts to overturn that have failed), HOAs don’t have much power here (max fine is $500 for non health and safety violations, they have to give ample notice before any fines, can’t foreclose over late fees or fines, etc.).
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10 March 2024 | 8 replies
We are now adding fees on top of the 10%, not fees for us but Airbnb has been tough lately charging us cancellation fees so the owner will have to absorb them as well.
11 March 2024 | 7 replies
$ for HOA Fees (if applicable)I’d recommend starting with something closer to you for your first deal.
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11 March 2024 | 152 replies
I can’t see the upside to a dst, paying fees so that win or lose you have to find another one when someone else decides to sell the investment or pay a boatload of taxes.
9 March 2024 | 5 replies
If I understand it right it’ll cost a bit more in the short run due to loan origination fees and higher interest then a more traditional loan?
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11 March 2024 | 7 replies
Again, not to say there can't be bigger issues, but I have had more issues with the quality of construction in modern updates than I have ever had in the original items.
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9 March 2024 | 2 replies
Loan amount left is $132,000.If we list it, we can sell at $205k and assuming 8% closing / realtor / concession fees, the revenue would be $188k.
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9 March 2024 | 22 replies
Identify actual buyer who is willing/able to pay at least negotiated price, plus finder/transfer fee ($5-10k, for example); create a contract with end-buyer that identifies finder/transfer fee, agreement to complete purchase, and assigns difference (if any) of contract price and end-buyer price to self4.
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10 March 2024 | 0 replies
Construction loan originally at $110,000 and a Heloc after basic completion Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?