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22 July 2021 | 5 replies
Contract every broker and you will get different listings and more choices.A higher number of units always gives you more cashflow plus a safety net for when 1 or 2 tenants move out and you still have cashflow to pay the mortgage.The more patience you have the more money you will earn.
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21 July 2021 | 10 replies
If you want a safety net you can look for flips that meet the 1% rule of rental income to purchase price (e.g. $100k property should rent for $1k).
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5 August 2021 | 5 replies
A small window already exists in the room at the exterior ground level, so the work will entail digging into the ground and cutting into the wall.
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22 July 2021 | 6 replies
I don't want to move to Florida right now because I'd have to take a salary cut which would reduce my standard of living and would reduce my opportunities (i.e. direct mail marketing) for off-market properties.I’ve been studying and reading about flipping houses for the past year.I currently have a W2.
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4 August 2021 | 13 replies
Unfortunately, the police will not get involved - you will have to go the eviction route naming the tenants and all "John Does" living on the property and only have you get the eviction order, will the sheriff get involved to help with the lock out - the process takes time and especially with Covid, tenants have a lot of safety nets.
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6 August 2021 | 3 replies
There are so many 6-12 unit buildings here that I think it is one of the best places to cut your teeth buying apartment buildings.
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22 July 2021 | 1 reply
If the water bill is in the tenants name its not your responsibility but you should have in your lease tenants are required to keep utilities on to protect building safety.
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23 July 2021 | 6 replies
I think this has helped us learn way quicker about what is good construction and what isn’t so that when we have a contractor doing the work we know if they aren’t doing it correctly or cutting corners.
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22 July 2021 | 17 replies
He thought they might cut his salary or make him come back to the office if they learned he had moved to Arizona.
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22 July 2021 | 2 replies
We want to buy our first multi family home to live in and rent the second one as a form of cutting living expenses to save money for future deals.