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26 February 2024 | 7 replies
This tokenization stuff sounds like a solution looking for a problem.
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25 February 2024 | 4 replies
It sounds like you're in a bit of a unique situation.
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25 February 2024 | 5 replies
I would be a little cautious with your rehab as older houses can have a lot more hidden expenses, so just be conservative with your estimates, it sounds like it could have foundation problems if a floor is dipping.
26 February 2024 | 10 replies
It also sounds like what I’m considering offering would potentially a very good value to investors.
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25 February 2024 | 9 replies
We're showing 767 deals in GA and seeing the best deals outside of Atlanta, where people are migrating and markets are going through a transition.It sounds like you're on the right path.
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27 February 2024 | 36 replies
There are risks and challenges with any investing strategy, so it’s good you’re looking to find those out on the front end but don’t let that stop you because most of it can be avoided with following good advice and adhering to sound investing principles.
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25 February 2024 | 12 replies
Every other week sounds pretty reasonable, but some might prefer a weekly cleaning, especially if they're staying for longer periods.
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25 February 2024 | 13 replies
get an umbrella policy to protect yourself, see if you need a rental license in your municipality. an LLC is only for insulating you for liability and anonymity, it will not save you on taxes and you really dont need to worry about it with one property imo . you cant protect a single property from lawsuit, insurance is what covers you just make sure you’re up to code. insurance will always look for a way to get out of covering an incident.if you register, you’ll want to report the income. if you make less than expected after deducting costs, then it’s time to raise rent. you wont be able to reduce more to reduce other income streams since you're not a full time real estate investorin the future if you ever sell, because it’s a rental now you will owe capital gains on the property. philly is probably like ohio and not california with it’s YoY growth being tied to inflation. with that said your profit is mainly going to be the equity you build from your tenant paying your mortgage. the money earned monthly should be saved as youre doing in case you have a capex repair/replacement come in like HVAC, roofing, etci advise you pay for an hour to speak to a CPA to better your options.good luck
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24 February 2024 | 28 replies
I have also heard that Waivo is another good supplemental insurance.Important- This is not a replacement for landlord/ property insurance.