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16 October 2021 | 2 replies
Which may not seem like much different but when you move to larger properties it can be a $5-7,000 difference which starts cutting into profits.
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13 September 2021 | 13 replies
I want to do what I can to protect my tenant, but since this is a house-hack my top priority is the safety of my family.
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12 September 2021 | 25 replies
A single piece, arched up at the back wall and tilted downward towards the doors so any water runs out onto the kitchen floor vs under the cabinet.That way the renter must notice water vs. just letting it run under the cabinets until it ruins the ceiling downstairs.Make sure to glue the edges with bathroom caulk. https://www.homedepot.com/p/Everbilt-29-in-x-33-in-Low-Profile-Washing-Machine-Drain-Pan-in-White-98244/307638946Hmmmm, maybe I'll write a book on how to harden rental units for pets and other damage.Also, since the renter has been in there for 6 years, you should have the dryer vents checked for lint buildup.This is recommended to do once a year.
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12 September 2021 | 4 replies
To me over leveraged means you have big car notes your CC are close to or are maxed out and your only making minimum payments you go buy furniture and you finance it.. you buy real estate with the least amount possible down at market prices.And your cash reserves would only last you a few months to service all the debt.So no retail debt pay cash for anything you consume or use OTHER Than a vehicle and decent amount of TRUE equity in your real estate no FO equity IE refi appraisal but you know the home would never ever sell for that on the open market. bascially follow Dave Ramsy and @Steve Vaughan over the years on BP has written some really good comments on how to build an empire while balancing family life and fiscal safety..
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13 September 2021 | 2 replies
I make a little more up front on Airbnb but the cleaning, amenities, etc cut into it and end up balancing out.
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8 January 2022 | 24 replies
If you’re currently living in a bad school district and want your kids in a better school district or some other safety / life choice, you may need to compete in this market.
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12 September 2021 | 1 reply
The property is in distress due to the living there and we have thousands of dollars from mold estimate just to remedy which doesnt include the thousands it will take to refix the things they throw out and cut.
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14 September 2021 | 5 replies
Hello everyone, So my wife and I are about 30 days until closing on a 4 unit Multifamily in VT but to cut it short , what should me spend our attention on while we wait ?
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13 September 2021 | 6 replies
The low downpayment primary residence loans certainly have their appeal, but by using them to shortcut the system it will complicate tax filings, tax benefits, and how you cut up the proceeds when you go to sell the property.
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14 September 2021 | 2 replies
Sounds like it be cut & dry but through experience it seems like there a lot of grey area here which usually in turn makes things harder.