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22 July 2018 | 3 replies
I would be skeptical of only needing 1000 for repairs judging from the exterior and price point
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25 July 2018 | 2 replies
My landlord is extremely petty and won't fix any repairs, so it finally pushed me over the edge into home ownership.
27 July 2018 | 6 replies
Your numbers don't appear to be that great. 70% of $92k is $64k and at a purchase price of just under $60k there isn't a lot of room for repairs and renovations.
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25 July 2018 | 10 replies
@Dee BullockIn a wholesale deal with the cash buyer intending on flipping it, your numbers would be the ARV, After Repair Value, which is determined by similar properties within a certain radius, 'comps'/comparable homes.
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26 February 2020 | 14 replies
@Sean Monahan You can still inspect your properties as normal - you'll just give your standard notice and communicate that to Airbnb guests.Loftium requires long-term tenants to hold renters insurance, and Airbnb provides $1M of damage protection and a separate $1M primary liability insurance for every booking.Most repairs don't get in the way of Airbnb hosting - i.e. if the stove is out, that can be communicated to guests - and as long as repairs are made on a timely basis, there's no penalty.We sign a standard 1-year lease for the first year, and can sign a longer lease after that if both sides are happy with the process.Feel free to check out my profile and the Loftium company profile on BiggerPockets for our website with more info.
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1 August 2018 | 11 replies
How’s it going community ,I had new tenents just move in June the tenent came looked at the house while we were still getting alot of painting and repairs done ready for move in mid July well the tenent landed up calling us and was explaining to us if there’s a possibility they can move in on the first of June .
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24 July 2018 | 15 replies
No way.10% or less equity is gone in sales cost if you need to sell.The property may be exempt as long as he as a vet owner occupant owns, but not when you buy it.You have repairs, vacancies, capex, etc.
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8 September 2018 | 11 replies
So, while Dan I sent true that since 2016 my San Diego condos would have appreciated more than when i 1031 exchanged with about 100% appreciation after 3 years of ownership, that $160,000 and rising cash flow, along with, the 1031 Exchange, 20 Year amortization and forcing appreciation, while dramatically reducing loan to value, I think was best for me and my family.Watch podcast 238 and reach out to me if you want to talk on the phone.
22 July 2018 | 0 replies
They have not been responding back to our phone messages or emails.
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26 July 2018 | 1 reply
The property need some repairs but structure is good, also have a lot connected to it same owner.