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26 June 2024 | 0 replies
Hi BiggerPockets Team,I have a tenant which hasn't paid rent for sometime and has damaged the property and local legalaid attorneys are helping the tenant by throwing the kitchen sink at me by false accusations :) Do you have recommendation for Eviction Lawyers in the area who I can talk to get advise and representation?
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26 June 2024 | 11 replies
Some cities, you send in your rent 2 days late and you might as well include the late fee.
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26 June 2024 | 8 replies
I have no idea what a short term rate would be for you, but just to put it in comparison - if you rented your place for $50/night - that's a maximum potential income of $1,500/month.
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26 June 2024 | 8 replies
The key is to ensure it will cash flow once you leave a year later with all the units rented.
26 June 2024 | 1 reply
When I ran numbers a few years ago for a higher end condo vs newer, but starter home, the purchase price for the house was a bit more ($40K), but I could rent the house for more and payments were similar once I added in the condo fees...I went with the house.
26 June 2024 | 2 replies
Change things like interest rates and rent payments if they are not currently agreed upon to get a more comprehensive view.
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26 June 2024 | 7 replies
I’m currently in a duplex that I house hack and the tenant’s rent covers my property taxes, my water and sewer bills, and almost all maintenance costs.
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26 June 2024 | 4 replies
When you rent a home you normally have to get a credit check so it makes sense that someone lending you a lot of money to purchase a home would also want to see your credit history.
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24 June 2024 | 21 replies
I paid 160K cash for that one, spent about 30k again and have it rented for $1,895/mo.
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26 June 2024 | 1 reply
I am currently renting but I like the idea of house hacking to start out.