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9 December 2024 | 2 replies
Good luck and way to go on creating your own destiny!
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15 November 2024 | 1 reply
Consider adding motion-detecting floodlights and installing visible CCTV cameras around entry points to deter crime.
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13 November 2024 | 11 replies
He probably uses all of those apps as well.
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16 November 2024 | 3 replies
To save money, management raised the wind and hail insurance deductible from 5 to 10 percent.
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20 November 2024 | 6 replies
STR, MTR, it doesn't matter, you can't house people there and would be in a severe insurance liability if something were to happen in an unpermitted addition or renovation.If it was permitted, you would use Furnished Finder for MTR.
9 December 2024 | 2 replies
What should I expect and how should vet/set up a lease through a temporary housing company for a tenant?
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23 November 2024 | 9 replies
@Jay Hinrichs anything with QCDs and Reverse Mortgages?
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9 December 2024 | 3 replies
When it does happen, how do you know it's hit bottom and it's time to buy?
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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11 November 2024 | 4 replies
You can check their insurance coverage, any active lawsuits they have, their workers comp rate (how safe they are on the job site), and other metrics.