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29 January 2025 | 23 replies
Cash flow can be great if you manage it well and keep occupancy rates high, but factor in the added costs of management, cleaning, and potential vacancy dips.
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28 February 2025 | 19 replies
It can provide a very misleading valuation.Your appreciation numbers reflect just below 4% a year (I used 8 year hold) on both properties which is below national average for this period and below what neighborhoodscout depicts for Chicago 10 year average. https://www.neighborhoodscout.com/il/chicago/real-estateLooking at this from the outside, I am missing a lot of details such as your interest rate, is there a prop tax benefit for long holds (by the way look up prop 13 for CA at some point as it may play a role in your decision to purchase once you relocate to San Diego), the neighborhood, appreciation potential going forward, any emotional attachment, etc.
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30 January 2025 | 4 replies
Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.
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28 January 2025 | 9 replies
What do contractors typically charge to come out to a potential property and walk through and fill out a SOW with pricing?
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5 February 2025 | 18 replies
Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.
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28 January 2025 | 16 replies
My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go.
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28 January 2025 | 4 replies
Would going to local real estate meet ups be the best way to find potential investors I could partner with?
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3 February 2025 | 32 replies
I'd focus on deciding what you want to do (flip-high risk, but potentially high return...or large loss; short term rental-more work, but higher return than long term rental; long term rental-less work than the other two, but lower return).Once you've decided which you want to do, then focus on getting the best house to meet your goal.
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20 January 2025 | 19 replies
The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.
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23 January 2025 | 6 replies
You need to get in touch with a lawyer as soon as you can and figure out how to cut off the tenant/landlord relationship.