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6 August 2024 | 28 replies
They typically have below market interest rates and can be used for house hacking a 2-4 unit.
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29 July 2024 | 0 replies
Immediate Cash Flow: As mentioned above, cost segregation accelerates the depreciation of your property in initial years following the study which increases the amount of available cash for the investor.
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3 August 2024 | 14 replies
This just might be my opinion but at this point even if you're out one months rent which definitely sucks it may just be easier to start showings.I don't know what the L/T laws are in your county/state but perhaps send a notice to the emergency contact with something to the effect of pay or quit with an option for a release out of the lease and be done with it. turn over this unit and get it out on the market again.
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29 July 2024 | 5 replies
My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.
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2 August 2024 | 6 replies
To succeed in hard money lending, know your local market well, value properties accurately, and carefully evaluate borrowers.
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5 August 2024 | 2 replies
I am also in the cincy market I will send you a connection request.
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2 August 2024 | 0 replies
I wanted to secure a property in Savannah, because of how much the market is growing.
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31 July 2024 | 40 replies
Initially it banned all local jurisdictions from enforcing any minimums, but then a bunch of towns and cities sued so they settled on grandfathering.
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31 July 2024 | 13 replies
That might make you more willing to tolerate them.You would probably want to terminate the lease in lieu of eviction if they are past the initial term.
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3 August 2024 | 10 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.