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22 September 2015 | 4 replies
Check with the local utility co you deal with.
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25 September 2015 | 12 replies
Also looks like your paying utilities too.
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24 September 2015 | 6 replies
I gave myself a set salary, kept minimum reserves, and let the company start financially sustaining itself.The company cashflowed, property values significantly rose (along with rents), and I recently purchased my third SFH with no mortgage.
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2 January 2016 | 60 replies
It does not account for if a complex has owner paid utilities or some other high and less common general expense.I don't find it very useful at all to evaluate 50+ unit apartment buildings across the country as there are just too many variables.
24 September 2015 | 3 replies
She moves to NE and is happy to be done with that **** hole. 3 weeks later she gets a letter in the mail saying she owes $6,000 for the rest of year because actually no one did rent it out and she has to pay for all utilities since she moved out(told to leave because someone else was moving in).
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25 September 2015 | 1 reply
I would not include any utilities since it is a single family home and after research I see that many of you include utilities only when you are dealing with multifamily properties.
25 September 2015 | 8 replies
You will find plenty to read and learn from here, just utilize the "learn" tab above and get started!
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25 September 2015 | 2 replies
This strategy is working great for me but I'm interested in what strategies other members are utilizing to target highly motivated sellers?
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1 October 2015 | 19 replies
Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.
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6 October 2015 | 49 replies
At the moment, I am only sustaining my real estate.