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21 January 2018 | 22 replies
When values decline or people loose their jobs or they have high vacancies or repairs, some will sell their other assets to make the mortgage payment but many will not...they just hand the keys over to the lender because they are upside down.
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13 January 2018 | 12 replies
And that implies they're developing a mixed-use building or buildings, while the following paragraph says they seek RE deals to purchase in less than 30 days), and their copy is *terrible* - the site is fraught with incorrect grammar and poor sentence structure.It looks like they've loosely modeled after a fund, and if I understand the pitch correctly, it's not a terrible idea (a fund for STRs instead of apartment buildings etc).
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16 January 2018 | 26 replies
Cut him loose and find a PM who's not Ricky Roma wanna be.
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16 January 2018 | 12 replies
You loose at least a months rent and end up with new tenants and neighbors that pay late and play loud music.
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25 July 2018 | 212 replies
If she purchased at the time she first indicated fears that a correction was coming instead of waiting she would be able to weather a significant depreciation cycle without loosing any of her initial investment.For a lot of reasons I believe Coastal So Cal RE prices are not going to fall significantly in the near term: 1) housing shortage (vacancy rates are near the lowest in the country and they cannot build enough homes to meet demand) 2) rising minimum rage 3) low unemployment; high competition for skilled workforce 4) no matter what you think of Trump, his decisions have been to grow business (very pro-business) this implies revenue is likely to continue to increase which combined with the shortage of skilled workers is likely to result in wage growth (the cost of this growth may be problematic).I see a lot more indicators for further near-term appreciation than I see for significant depreciation.
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17 January 2018 | 14 replies
There is also the underlying concept that the listing broker/agent works for the seller and is contractually and ethically bound to act in their best interest and get them the highest possible price for their property.
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17 January 2018 | 14 replies
It may be difficult to get someone same day, so for a plumbing leak, you may have to walk them through turning off the water source until you can get someone out ASAP.Minor things, like a gate not latching right or loose fence boards, etc., I see that you can schedule once or twice a month for maintenance days to take care of these issues and other backlogged issues.
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4 February 2018 | 27 replies
I've heard stories of tenants who stopped paying having their front doors being removed as well as rats being let loose in their homes.
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25 January 2018 | 1 reply
He will loose his deposit and all loan fee paid if he did not get this loan approved = 2K (loan fee non-refundable amount) and 8k home deposit (if he could not get loan from any other lender due to this issue)1.
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1 February 2018 | 31 replies
Wayne- I appreciate your thoughts but that is a 'little loose' in your analogy.