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2 July 2024 | 6 replies
However, I have a few concerns:Pros:Living condition: 1400 sqft → 1700 sqft with some boutique featuresThe rental market seems good in this area.Another property is added to my existing real estate portfolio, which currently includes two other properties.Cons:Interest rate: 7% - No guarantee of decreasing the rate, which means there might be no opportunity for refinancing in the future.The current home is too new to be rented out.People often say not to buy property in Chicago due to high taxes and low appreciation.There’s no necessity of moving since I have a decent primary home.Any professional advice would be helpful.
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3 July 2024 | 5 replies
My property management company was "negligent" in keeping moss and algae from growing on the wood steps, rendering them slippery after a rain.
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2 July 2024 | 19 replies
Here is one proof point.This past week a friend of mine was putting an offer in on a Midwest apartment portfolio.
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3 July 2024 | 1 reply
How did you go about interviewing, hiring, training and managing them?
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5 July 2024 | 8 replies
Unless these folks are the money managers for a money laundering scheme designed to clean blocks of cash with large denominations and private party placement and don't care about 5% US Bond scrutiny (sovereign wealth comes to mind), my first thought when I saw the 3% interest rate was skepticism.
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4 July 2024 | 3 replies
I don't self-manage this property which definitely cuts into my profits, but I'll still consider this a win for now because it's appreciating at an average rate of 9-10% a year.
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1 July 2024 | 1 reply
This strategy leverages your equity to expand your real estate portfolio while potentially benefiting from appreciation and rental income.House Hacking:Use your equity to purchase a multi-unit property (like a duplex or triplex) where you can live in one unit and rent out the others.
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4 July 2024 | 14 replies
In Texas, the owners of an LLC are not shown anywhere, but the managers are.
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4 July 2024 | 4 replies
Begin with small, easy-to-manage homes like single ones or two-family homes, or try house hacking to help pay your mortgage.
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1 July 2024 | 1 reply
Hi there,I’ve recently been looking into offsetting energy costs for my multi family properties and was wondering if it’s worth the time and effort?I’ve heard NJ has a great incentives through SREC-IIs and ITC for fed...