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27 May 2024 | 2 replies
To add to my original post… the checking/savings accts would be for property mgmt of one or two properties.
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27 May 2024 | 5 replies
John Boby,Two specialty markets (Foremost and American Modern Home) used to insure rental properties under a Trust.
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28 May 2024 | 5 replies
i would say it depends on the overall investment strategy. im not really familiar with STR rentals in your area. personally i like the long term rentals, especially if you are trying to be hands off. we have two STR's, one we manage ourselves in FL and the other in Gatlingburg which is managed by a company. even with an STR rental company, i still find myself managing the manager. both require work and are by no means passive. long term (to me) is nice given time investment. hope this helps.
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27 May 2024 | 18 replies
It's a great vehicle for investing (we have 37 doors)... but we bought them from 2018-2021 and they cash-flow extremely well.
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27 May 2024 | 8 replies
We just met with two pro cleaning companies and had the opportunity to try one out so far.
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27 May 2024 | 7 replies
With that type of starting capital, you'll have some space to scale 'relatively' quickly, but start with one, maybe two, and familiarize yourself with turnaround times and payment/draw schedules as you go.
25 May 2024 | 6 replies
You would be better off having two properties at 50% leverage than one at 0%.3) You lose out on appreciation benefits by having one property unleveraged when you could have four properties at 75% leveraged4) Unleveraged properties are a target for ambulance-chasing lawyers and also now fraud.
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25 May 2024 | 12 replies
While we aren't rental pro's at this point we have been at this for 4 years and now have 6 doors so I also wouldn't consider myself a rookie.
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27 May 2024 | 7 replies
If it's a three bedroom you can collect rent for two bedrooms, especially college students.
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27 May 2024 | 1 reply
This is a "hire someone" but getting someone to look at it before we need to put in an offer is tough in the local market and the contractor we usually use is unavailable do to family issues for the next two weeks. 2) Will it matter which direction the new stairs would run up the second floor in regards to the direction the joists run?