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22 January 2020 | 13 replies
(a) (1) Subject to subdivision (b), an owner of residential real property shall not, over the course of any 12-month period, increase the gross rental rate for a dwelling or a unit more than 5 percent plus the percentage change in the cost of living, or 10 percent, whichever is lower, of the lowest gross rental rate charged for that dwelling or unit at any time during the 12 months prior to the effective date of the increase.
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22 January 2020 | 2 replies
Dodd Frank does not apply to gov't loans, and FHA wants to go up above what the law allows, which they can do b/c they ARE the gov't.
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22 January 2020 | 5 replies
Even if you're planning to manage this property yourself, you should include a budget (10% is what I use) so you can a) pay yourself for your valuable time, and b) extract yourself from those duties if you want / need to.I see you're putting down a 17% down payment on the refinance loan.
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24 January 2020 | 3 replies
@Rinee John de Leon is right each person walks a different path and what works for person A won't work for person B.
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22 January 2020 | 2 replies
The neighborhood was a solid C/C+, maybe B- neighborhood with several other duplexes in the neighborhood tract, which I'm pretty sure were all mainly rentals.
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22 January 2020 | 2 replies
I intend to work my current job still until (a) the money is really good as a broker or (b) I burn out.
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28 January 2020 | 12 replies
If the headlines are mostly about bake sales and farmer's markets, it's probably a B- or A-class area.
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29 January 2020 | 22 replies
We chose apartment syndication over retail because of recession-resistant nature of B and C class value-add type projects.
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29 March 2020 | 18 replies
@Jim K. and @Peter B. you guys are hilarious..