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19 April 2019 | 3 replies
Mother-in-law= $1000/M for long term lease, or if AirBnb'ing, $1,600/M.Both of these numbers are being very conservative by listing below market in an effort to get more traffic.Our original plan was to live in mother-in-law suite and rent out main living area leaving us with a monthly mortgage of roughly $700/M.
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21 April 2019 | 19 replies
If instead I leave the property paid for, the free cash flow is $1279 mo.With these free cash flows, it would take 5.9 houses with a 20 year note each, to equal the cash flow of one paid for house.
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17 April 2019 | 8 replies
Because I have spotty job history (Mainly internships since leaving the military), securing a loan to own a property is out of the question.
17 April 2019 | 3 replies
personally I would pay off my home first. that would still leave you plenty to invest. it would provide more security because your home is free and clear.
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18 April 2019 | 4 replies
This is what my direct mail campaigning schedule looks like:Week 1: Send out your mail to your listWeek 1: (Optional) Start targeting your prospects with online adsWeek 2: Call up all your prospects to follow up the mailWeek 3: Send text messages to all the prospectsWeek 4: Leave voicemails (whenever possible)Week 5: Send out the second batch of direct mailHope this helps.
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17 April 2019 | 0 replies
To eventually be able to leave my full time job.
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21 April 2019 | 3 replies
After a plumbing, AC, a giant dead 200+ year old oak tree removal, and the “good” tenant leaving 6 weeks of repair and cleaning work, we had to unload the property.
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18 April 2019 | 17 replies
No Solar stuff, No Ham Radio antennas, No Flag poles, etc...If it were me, (to be tactful) I'd tell them it seemed like a good idea but my attorney advised against it, and leave it at that.That way you are not getting in to any kind of perceived Political or environmental disagreement with them, and you remain the innocent middle man.Just my 2 cents.Good Luck!
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20 April 2019 | 9 replies
After putting together a Scope of Work, It seems it needs about 50K in repair work, leaving about 35K in profit after 5 percent in selling costs (using no realtors).I'll be the project manager of the fix and flip, budgeting, planning, and hiring the contractors, as well as financing the rehab part of the loan.
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20 April 2019 | 11 replies
Tenants are not as happy and at-least one advised they will be leaving at the end of summer.