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24 January 2022 | 44 replies
You may need to begin networking with brokers in the multi-family space.
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19 January 2022 | 12 replies
The relationships I've built here in western Washington, allow for really good prices on work, plus I refer them out to my RE sellers and buyers for work to be done before listing or when after buying.Yes indeed, the three it's going up I think the only short-term rental that we would do in Washington would be converting our own house into a short-term rental space.
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8 January 2022 | 0 replies
Also added covered outdoor entertaining space.
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9 January 2022 | 3 replies
I plan on super "spiffifying" this property, Good price for a nice little property.You said you wanted to super spiffy it up.I did a quick mockup of a more modern look.Hardieboard, stone, metal roof, eaves extended, etc...Lighter colors look bigger.Good Luck!
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11 January 2022 | 9 replies
However, if you speak with enough folks in one market, you will quickly see some common themes that should help with honing in on where to look & what to look for.
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11 January 2022 | 9 replies
A common theme is somewhere between 1 in 7 to 1 in 10.
20 January 2022 | 6 replies
.- $26,856 -Annual Mortgage Payment (only P & I) - $28,210 Annual Expenses (Property Tax, Insurance, HOA, PMI, and Utilities) - $17,922 Annual Total Cost (Mortgage+Expenses) - $46,132 Revenue (at $900 per bedroom and 4 roomates) - $40,694Total Cost Per Month for Me to Live Here - $5,438 -Loan Principle Paydown - $10,378Total Return (Cash Flow + Amortization) - $4940 Total ROI (Cash Flow + Amortization) - 18.39% If I decide to only have 3 roomates (possibly taking the master suite on the third floor and the ground floor) then I'd end with only $30,521 in annual revenue (however it would ensure no parking issues since all people living have a space).
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21 January 2022 | 5 replies
I want to start in single family residential rental space, the strategies I intend to implement are house hacking and the brrrr method for a good amount of deals.
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21 January 2022 | 10 replies
Just enter the space with the expectation that you'll need a well defined plan, clearly laid out budgets, and that some money will need to be used.
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10 January 2022 | 1 reply
I'm inclined to remove the kitchen and bedroom,and just make two large office/retail spaces?