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19 February 2025 | 6 replies
Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move.
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20 February 2025 | 5 replies
I always run the numbers as a LTR to be safe. 500k is steep for a duplex but it all depends on what each side will rent for.
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16 February 2025 | 7 replies
I tried attending one in my local market a couple of times but felt like I was in some hotel ballroom being pitched on how the 12 year-old kid up in front would teach us all how to run to the back of the room to swipe $10K on our AMEX for the secrets of real estate investing.
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15 February 2025 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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26 February 2025 | 5 replies
If not that works too, highly recommend MLO Study Buddy as a resource but any and all practice exams you can find will be helpful.
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10 February 2025 | 6 replies
First of all welcome to the BP Community.
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25 February 2025 | 1 reply
It is all about relationships, unless you want to create ads but to raise money I would say you would need to spend min. $5-$10k per month in ads and expect it to take 3-4 months before seeing any results.
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21 February 2025 | 2 replies
Raise all $1.6 million at the outset, but call for the capital in stages.
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17 February 2025 | 4 replies
For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else.
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14 February 2025 | 11 replies
My only concern is my schedule changes all the time meaning the days I’m not scheduled to work can change to now I’m working.