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25 January 2025 | 7 replies
Increase income, decrease DTI, and buy a home (i.e., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).
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15 January 2025 | 8 replies
CoghillWe’ve used AppFolio for many years to manage a large portfolio, and while onboarding can be thorough, it’s primarily to ensure compliance with financial and legal standards.
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20 February 2025 | 22 replies
CA RE Broker ( which I have) standard state MLO and NMLS and Consumer finance license.
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21 January 2025 | 10 replies
@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!
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19 January 2025 | 2 replies
Putting that amount into it will only increase the loss.
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21 January 2025 | 6 replies
When you save up enough capital, slowly increase your portfolio.
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18 January 2025 | 13 replies
Perception of LiabilityLicensed agents are held to higher standards and may face legal consequences if they don’t meet fiduciary duties.
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21 January 2025 | 3 replies
With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.
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16 January 2025 | 7 replies
Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.
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26 January 2025 | 5 replies
If they have, you extend that time to 6 months from date of death.On top of that, every month you delay buying the house, the loan balance is going to increase.