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25 July 2018 | 13 replies
Like already stated in the thread address tenant concerns quickly, and once they leave fill the vacancy quickly- If there is work to be done, you can make it a "live in flip" and start doing changes your unit.
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2 July 2018 | 4 replies
Thank you for the encouragement, it definitely feels like too big of a project for our first one, but as you pointed out if the deal is good enough vacancies and setbacks shouldn’t sink us.
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4 February 2019 | 6 replies
If they are professional, they can explain this quickly and easily.
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6 July 2018 | 6 replies
Quick Poll - which podcast episodes do you like the best?
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21 August 2018 | 4 replies
Thank you for the encouragement Michael!
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2 July 2018 | 2 replies
Don’t expect it to be quick.
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2 July 2018 | 4 replies
Wanted to see if anyone who either is or knows of an attorney in the Winchester/Front Royal area who could write one up quickly and won't cost and arm an leg.
3 July 2018 | 3 replies
I am currently looking for properties in that condition for flips and Ive seen a lot go quickly and in some cases go over asking.
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3 July 2018 | 20 replies
Since you are a pro, use the calculators provided under tools to help but here is my quick rundown on a post-it:Buy = $80kRehab = $30kHML Points = $3kHML Interest = $3k (assuming 90 days held total)Holding Costs = $1,500 (assuming 90 days electric, gas, water/trash/sewer, builders risk ins, prop tax)*Selling Costs = $10k (6% relator fees, 1.5% closing costs)Sale Price = $135kProfit = $7,500*I am taking a very high level guess on your holding costsFor me this is WAY too thin of a margin.
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2 July 2018 | 5 replies
@Andrew S. 2 quick questions:What states are these properties in?