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12 April 2024 | 40 replies
good idea - we will do so and see if anything comes up that we didn't discuss during our build.back in the day when the tests were done, nothing was apparent from the engineers or tests themselves that indicated we couldn't build. i'm not sure what anybody else would find (if anything).we are suspecting that most buyers thus far may think "wow, this sh*t just got real" when they see the reports and have a minor panic attack and back out. i'm trying see how i'd feel in their shoes. it's surprising how many folks do not research the ins and outs of the home building process before making an offer...
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9 April 2024 | 6 replies
Having said that, I have never hired a designer for any of my properties so maybe others with experience will chime in.
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10 April 2024 | 16 replies
To be honest the profit from real estate sometimes way higher than the salary while you're on your 'stuck company' during h1/greencard process.
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9 April 2024 | 3 replies
It's also a lot of risk if you don't have relationships with builders and other trades and understand how to navigate the local permit process.
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8 April 2024 | 3 replies
I have the opportunity to hire an appt setter on a commission basis.
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9 April 2024 | 7 replies
I told her she could buy it, hire a licensed electrician to install at her cost, and have licensed electrician replace with original light upon moving out, also at her cost.I will note that in general, while you are always able to be nicer to your tenants, and there are times I think this is worthwhile, if you are not required to under NYC laws, I would not set precedent that you do these things for the tenant at any out of pocket cost or work for you.
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8 April 2024 | 0 replies
He declared bankruptcy for all our credit card accounts but only for himself and specified i was not to be included in that process or notified.
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9 April 2024 | 0 replies
Hello everyone,I am in the process of building out a team and setting up legal stuff.
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10 April 2024 | 21 replies
But, he has the right information on the tools to use, the expectations, tips & tricks, how to deal with AirBNB & VRBO and dealing with guests, is focused on the experience of the guest, on great ratings and he understands the process.
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8 April 2024 | 4 replies
Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.