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2 October 2020 | 9 replies
Similarly, investing in a random sub-market where properties sell for an 8 Cap instead of a major market where properties trade at a 5 Cap doesn't mean your total return over 10 years will be better if the 8 Cap is in a market with flat or negative rents and the 5 Cap is in a market with 3-5% annual rent growth.
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22 October 2020 | 7 replies
@George BlowerSo Federal withholding is 20% flat?
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4 November 2020 | 12 replies
@Kris H.Flips can work in flat markets if you find the right neighbourhoods that are changing over.
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14 April 2021 | 22 replies
For the same reason, @Shivam Patel it is more reason I am avoiding the FHA/PMI double-trouble, especially considering @Mark F. was having no luck getting his offers even considered with an FHA.All this combined with the fact that these townships in general appreciated something like 20% since a year ago, I am reconsidering altogether if it is better to look in NYC area as people flee or get even more exotic and look around Upstate NY, Connecticut, or Pennsylvania (Philly?).
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8 October 2020 | 13 replies
Sewer $55 a quarter per unit, + store water fee which varies—-I add $15 a unit per quarter to be safe( that’s usually overkill) + about another $100 flat fee for the year for Wilkes Barre on top of that.3.
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27 September 2020 | 2 replies
Hi Everyone,Apologies for the back to back posts, but my wife and I are also looking for brick and HVAC recs for some help on our 2-flat.
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16 October 2020 | 10 replies
If it's a straight investment property you can't do FHA so that's why I always recommend looking for a 2 flat house hack.
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2 October 2020 | 8 replies
You’d have to decide for yourself if you want to manage the property remotely yourself (totally doable, but a bit more work) and make a higher return OR if you want to outsource the management altogether to a 3rd party and not have that hassle (you’d typically pay as much as 25%, which would likely eat up most of the profit). - Lastly, as far as the actual property goes, what I usually recommend is to setup an alert on Zillow or Redfin for the type of property you’re looking for and just monitor new listings as they come in.
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26 October 2020 | 8 replies
They flat out refused my STR income.