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31 May 2021 | 34 replies
It is essentially a rotating list of exclusive exchange properties that not many people have access too.
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5 June 2021 | 5 replies
He said that in order to qualify for the FHA loan that the property essentially needed to cash flow positively even with you living in one of the units.
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24 May 2021 | 0 replies
We are in a very nice area and this is a luxury home.I am planning on making this floor the master suite with a large bedroom, large bathroom and walk in closet; leaving the smaller 3 bedrooms downstairs.My question is regarding the size of the master suite; what size is too big?
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27 May 2021 | 10 replies
We renovated the upstairs bathroom and made fixture and hardware changes throughout the house.
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28 May 2021 | 8 replies
Purchase a duplex in San Diego and live in one unit - PROS: essentially get help paying my mortgage via rental income, proximity to rental property, maximizing FHA loan on a more expensive property (maximizing my down payment in a low interest rt environment) CONS: The market is so unbelievably expensive and rents are not comparatively high enough to really make most moves profitable, high Debt to Income ratio thereby limiting my ability to purchase again2.
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6 January 2022 | 5 replies
Monthly rent will be deposited directly to the business account.Since this is absolutely new to me (the LLC setup), I'm not even sure I've provided enough details for folks to provide feedback or advice...Essentially this was a bookkeeping method and not a legal one.
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26 May 2021 | 9 replies
After several meetings with potential property managers, I am a bit discouraged to learn of the reality and make some financial calculations.I have got an idea of the general expenses of a landlord for PM`s help:1 full month rent cost when PM to lease it3-5 weeks to rent a property (1 month's rent lost on vacation)10% of the monthly rent to "manage" it... essentially collect the rentBy these calculations, this means that 3 months have to go by before the property owner ever sees any of the rent.So let's do the math for a 1-year breakdown on an imaginary property that rents for $1000/m and would bring in $400/month in cash flow before property management.Costs:$1000 (no rent while vacant)$1000 (cost to lease)$1200 (10% management fee for 12 months)$3200+ $4,800 (Annual Cash Flow Before PM )- $ 1000 (Lost Rent during Vacantcy)- $2200 (Paid to Property Manager) $1,200 (Actual Annual Cash Flow for Landlord)... and this is true if the Property Manager never does anything except collect the rent!
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30 May 2021 | 13 replies
the ONLY feedback is going to generally be negative and frustrate the seller.On my high end flips in Charleston IE 1.5 mil to 2.0 mil there is a on line feedback from the showing agents that comes to us automatically our listing agent sets that up.. and as stated its more frustrating than helpful.IE 1. did you like the home No or yes if they dont write an offer its NO2. is it priced right If they dont write an offer of course its priced too HIGH3. things you liked House is nice but not a fit for our family4. things you did not like did not like the color of the Primary bedrooms bathroom and on and on.So bottom line if your not selling your over priced .. if its an odd floor plan or anything like that you should as the owner and with your brokers help understand that and that its an impediment..
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27 May 2021 | 9 replies
Essentially these are commercial loans on residential property.
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2 June 2021 | 7 replies
Kevin, love that you're thinking about this, and considering house hacking.I bought a 4bed2bath in san jose 2 years ago, and have successfully house hacked for the entire time, paying essentially nothing to live there.I think a 3/4 bed in the ~1M range would be very good for your situation.