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20 August 2024 | 452 replies
So even things like closing costs, utilities, gas you put in you car, mulch you bought for the flower beds, ANYTHING you used to purchase a business asset.
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13 August 2024 | 11 replies
I have not yet had to replace a laminate countertop that was put in a remodel, where some are now more than a decade old.
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15 August 2024 | 18 replies
haha focus on improving the overall stay in things that matter most for your rental, but yes, have enough TP for gods sake...or put in a bidet!
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13 August 2024 | 4 replies
I put in the work.
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14 August 2024 | 15 replies
The local markets depending on where are talking about or have put in restrictions on STR's.
21 August 2024 | 182 replies
They just keep choosing to work for a job that doesn't pay well.6) Notice in all their comments about capping rents and the evil greed of builders and landlords, they won't consider suspending all the charges they put in place that actually cause housing to be more expensive.7) Rent caps will be paid for by REI.
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13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
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12 August 2024 | 5 replies
Some banks will give you a HELOC on an investment property, but you will have to put in some work making some calls.
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17 August 2024 | 56 replies
Around me it seems to change all the time...except almost always 1st Tuesday in Texas.As you mention though, some have monthly and some quarterly, some yearly, and plenty when they just feel like it....or have enough properties to put in the sale.
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16 August 2024 | 277 replies
I can imagine # of hours you put in to make things happened.