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20 April 2021 | 3 replies
Zoning will support my plan, I've talked to permitting office and engineers who have given me the green light ( in theory)My END GOAL is to buy and hold this property Options:-I was planning to try to master lease with option to buy in 2 - 3 years for 350k ????
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8 May 2021 | 12 replies
Right now I'm all in on trying to master the numbers game.
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21 April 2021 | 2 replies
My question is when you find a good CPA and you want to keep on your master mind team and have them work hard on your portfolio and let’s say their office charges x dollars is it common practice to give them a generous tip or am I crazy for thinking about taking that approach ?
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22 April 2021 | 2 replies
It was gross and water was everywhere from master room, closet and living room.
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22 April 2021 | 0 replies
Can anyone provide insight on an average percentage split on profits for a master lease agreement on apartments?
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19 May 2021 | 6 replies
So concept would be:- replace tenant meters with one master meter for the whole property- install solar on the roof- install submeters for tenants, and charge them the same as the PSEG rateYou have receiveables exposure to tenants, but then you get to collect RECs for solar and potentially save on the PSEG rate with a larger meter.It seems like the economics of this could be compelling since it would increase NOI significantly.Has anyone heard of this before?
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17 December 2021 | 15 replies
I currently turn down new clients/work in lieu of maintaining flexibility and free time in my schedule to develop said skills.Here’s a quick rundown:Excellent credit 805DTI 7% (student loan balance of 5k - no other debt)Cash 42kTrade-specific assets 30kInvestments 25kMy goal is to purchase a 3/2 SFH home for 250-300k using a 3% down conventional loan and to rent out the master BR/BA (I need 2nd BR for home office).
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7 May 2021 | 8 replies
I'm going to NC State University part-time, to get my masters, and decided to buy my first investment property just recently, despite this crazy market.
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24 April 2021 | 2 replies
Georgetown DC Victorian Rowhome-2 Bedrooms 2 Bathrooms Upstairs-1 Bed/ 1 Bath Rental Unit in Basement-Separately Metered-Parking + Outdoor SpacePurchase Price: $1,430,000Appraised Value at Purchase: $1,450,000They put down 50% in order to take money out of their savings account and park it in an asset: $715,000 down -Contractor Bid for interior Renovation: $75,000(Removing walls, new kitchen, new master bathroom, built in closet in Bedroom)All In: $1,505,000 ARV: $1,700,000 + $200,000 forced equityMortgage: $3,600/month (PITI)Basement Unit Projected Rent: $2,200 Long termThey will be doing AirBnB so they can have their in-laws visit periodically Total Monthly: $1,400/month while rented (potentially more with the AirBnB income) Now they own an asset in primetime DC Georgetown while House Hacking and finally putting their money to work.
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28 April 2021 | 4 replies
I am 29 years old with a masters in structural engineering and I work for Tetra Tech, It's an engineering company that does a wide range of work all around the country.