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19 November 2024 | 4 replies
It's so easy to have some magnetic signs hanging around to throw on your other vehicle if you want to go do a bid and not take your big ole truck.I have no answer as to why they don't take advantage of this.....it's just dumb (maybe there's your answer :-) I have the company name on 3 out of 4 work trucks .
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13 November 2024 | 2 replies
If you learn how much everything really costs to repair, you will have a line out the door of buyers.The second part would be to be right on the money on a real ARV.
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2 December 2024 | 1 reply
Are you thinking of investing in New York as well?
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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2 December 2024 | 0 replies
Also worth noting you get a free month of Host Camp.
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16 November 2024 | 6 replies
You don't have to tweak much to take a traditional LTR lease and make it fit an MTR or month-to-month setup.
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16 November 2024 | 9 replies
It's your property, as long as you give proper, written notice, which is 24 hours in every state that I'm aware of, you can enter.
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14 November 2024 | 8 replies
Secondly I would look into if it make sense using realtor or not, there are markets that it makes sense and there are markets where unless you as the owner are paying agent fee most will pass.
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13 November 2024 | 11 replies
I find that using the tools build in to the platform apps make it pretty easy to self manage.
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19 November 2024 | 8 replies
I'm excited for you to start your journey!