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29 June 2015 | 28 replies
How might someone utilize your services to implement a BRRR strategy in Cleveland?
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30 June 2015 | 6 replies
Would deff utilize the driving for dollars and possibly narrowing that neighborhood down to specific homes with in the neighborhood based on the distressed atmosphere of the homes in the neighborhood.
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29 June 2015 | 8 replies
Utilize a competent RE attorney for sure - when you have something specific to go over @Brian Humphrey.
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29 June 2015 | 3 replies
In other words if you live in a duplex, you can only deduct half of your expenses such as depreciation, landscaping, common utilities, etc if they benefit the entire property.
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3 July 2015 | 20 replies
If you don't want to say publicly, I'd love a direct message (Haven't figured out how to send one yet...).The big reason I'm going with 50-75% down and not taking much more advantage of leverage is due to this being part of a 1031 transaction and I have to utilize the sale of the current house in its entirety to shield myself from taxes.
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4 July 2015 | 7 replies
I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600.
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4 July 2015 | 8 replies
Other things to check include: was the notice of sale properly published, are there any federal tax liens, are there any liens which survive the foreclosure(in my county people borrow money from the utility company to put in a heat pump and they put a lien on your house, those liens survive the foreclosure), did they file a substitute trustee, did all parties sign the previous warranty deed, does the legal description of property match the address, are there any survey issues.
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19 September 2015 | 22 replies
The questions I have are utilities?
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8 July 2015 | 13 replies
Just remember, however, that there are people that utilize an online persona to be less than honest.
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14 October 2016 | 14 replies
@Brandon Crumpton - Great question and @John Thedford summed it up nicely.Yes, it's a double edged sword that enables you to take massive leaps forward and risks or can be utilized to the point where you overextend yourself and then being unable to sleep well at nights.Use leverage wisely and you will benefit from it's advantages positively.