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4 June 2024 | 10 replies
I've basically paid the mortgage on this property for a year with no rental income and a ton of expenses.The other properties had their own set of issues (the IN tenants trashed the property) but this KS property was so stressful, a headache, a hassle, such a financial loss, and I've just felt lied to the whole time I want to sell all of them and get away from it.The IN house has been on the market for 76 days (since this is the first property ready to sell, KS prop.
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4 June 2024 | 8 replies
Hanging a large picture or something at the head of the bed usually looks nice.Additional Bedrooms:Any additional bedrooms, I stage either as an office with a writing desk and computer chair, a workout room (yoga mat and pretty exercise accessories), or a nursery with a neutral white or wood toddler bed and a changing table.
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4 June 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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4 June 2024 | 1 reply
The reason for the lengthy time is he has given me the impression he relies on this income to sustain he and his wife.
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4 June 2024 | 9 replies
Build experience and adjust.Some hosts use cleaning fees as a source of income.
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4 June 2024 | 2 replies
The downside of selling will also be that our expenses will go up by buying a new home as well, and we aren't very high income earners (we both make a little over $100k/year combined)We also own a few small rental properties in smaller towns nearby in TX, so the rental game isn't new to us!
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4 June 2024 | 8 replies
One of our investors utilizes nightly rental income in lieu of market rent on appraisal.
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3 June 2024 | 4 replies
These are professionals with additional training and a stricter code of ethics.
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2 June 2024 | 10 replies
We need additional 50k to Finnish house and estimate conservatively it will be worth 350k, I think it will be closer to 420k.
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1 June 2024 | 3 replies
In other words I'm sure that within a year he'll be at least matching this income and still be getting the severance.If a regular mortgage is out of the question I'm thinking of other options and would love to some the BP-folk advice.1.