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13 April 2015 | 6 replies
Yet another is to be direct, 'come clean' about your problem ('I need to buy X before this date, can you help me please?').
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17 September 2015 | 10 replies
If you think professionals are expensive, try paying for the clean-up of an amateur. (3) Being a RE Investor is "A Business"!
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14 April 2015 | 1 reply
The county condemned it because he change the gas to electric and never pull permits to do so.
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20 July 2015 | 17 replies
In my class I met someone who does general contracting (we're meeting), a couple that does cleaning (commercial and residential), a painter, a couple who owns a custom cabinetry company, and a stager/designer (good to know, but my sister is great at interior design and I'll probably collaborate with her for staging/decorating at least in the beginning).
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10 May 2016 | 7 replies
Roof was done as well as HVAC plumbing and electric.
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11 May 2016 | 10 replies
She tells me keep them out of the basement, have the parents guarantee she has someone clean the common areas twice a month.
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13 May 2016 | 5 replies
(Yes i made them come out, clean the kitchen, and replace the laminate)The Result for farIt has been almost a year and where are able to charge market rent of 2 out of 3 of the property already.
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11 May 2016 | 5 replies
I will manage these buildings, I currently manage another 4 unit building in the same area and know with updates the total rents could increase $3-4$k/yr.Current Rents: $3900/mo $46,800/yearVacancy: 10% $4,680/yr (actual vacancy rate for area is below 5%)Taxes: $3838/yrInsurance: $2840/yr for cash value not replacement cost (getting more quotes)Maintenance: $4500/yrUtilities: $6,500 (owner currently pays common electric, sewer/trash, and buildings are on well so softener salt and electricity for water pumps.)Budgeting $5k/yr for capexLeaves: $19,442 for debt and cash flow
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31 May 2016 | 3 replies
Put in a lowish offer and find tenants with good credit scores, clean backgrounds, not temporary employment, good references.Other questions: - If all goes well I could refinance into a conventional loan with 20% down after the seasoning period or about a year.
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20 May 2016 | 5 replies
Possible options I have considered include:leave things as they are since things are going smoothincrease the rent and get sued if my research isn't correct increase the rent and keep the tenant month-to-month, with the risk that tenant may decide to leave and I may get an undesirable new tenant along with costs to clean/paint and update the unit between tenants increase the rent and have the tenant sign a lease, otherwise move out.