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7 May 2024 | 4 replies
"Terminate on Sale" clauses are rarely allowed by the courts with residential leases.The good news is, many tenants don't know this.So, we always politely ask tenants to sign our lease, ask if they want to extend them and try to reasonably increase the rent.We don't recommend abusing this with strong-arm tactics.
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8 May 2024 | 3 replies
There doesn't seem to be a lot of MTRs (rooms and entire units) in the area just based on initial searches on Airbnb and Redfin, but I understand this isn't the only indicator of demand.
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7 May 2024 | 8 replies
There are certainly many that TELL you they accept non-accredited investors.....the thing to remember is that most of them still strongly prefer accredited investors and most will still send you notifications on upcoming syndications that are still for accredited investors only.
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6 May 2024 | 27 replies
I strongly agree with the don't price lower than market rents.
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8 May 2024 | 7 replies
Quartz makes sense for a high end unit/ fancy neighborhood where you can and will attract tenants willing to pay more for them.Repainting is often a no brainer, but could be based on the current conditions as to whether or it is needed.I agree with Melanie on researching the washer/dryer comps.
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6 May 2024 | 4 replies
SF is obviously a super strong appreciation market and it will likely continue that way and bounce back (in my opinion).Best of luck to you no matter what you decide!
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6 May 2024 | 8 replies
There is also a strong possibility of borrower declaring BK, adding another 6+ month to your hold time (if BK Ch. 7), or for 3 - 5 years if Ch. 13.
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8 May 2024 | 20 replies
Go for cheaper markets that offer more cash flow, which leads to better returns and helps grow a strong rent collection.
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8 May 2024 | 9 replies
I use a lot of different cards based on the best categories on my spending for cash back/miles, but one under the radar for rental investors that gives 5% cash back on up to $2,000 spending per quarter on utilities category when chosen is the US bank cash+ card.I max out on utilities spending with the card every quarter.
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8 May 2024 | 8 replies
Once you begin to generate leads that fit their recent purchases/want to buy, run the numbers based on the ARV after repair value for after when they develop/fix n flip and subtract cost of build/repair, your assignment fee, and the original cost of the contract.