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27 November 2017 | 2 replies
UTLS etc .. permits many CA locations permits can be 50 to 75k per home.. but I like building these days as a preferable to heavy duty rehab.. last comment is log home in your area unless your way up in the moutains above SD its too hot and sunny those log homes will get weathered pretty badly and they usually don't fit in the scheme of what is going on in the area like say a desert style home with stucco etc.. that can handle the heat and sun
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28 November 2017 | 6 replies
Get familiar with whose insurance covers what.
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3 December 2017 | 5 replies
We are currently rebuilding one property from a fire, so that kitchen is being covered by insurance, but it's been a good learning opportunity for us, and pricing on the same kitchen has ranged from $8,500 to $15,000 at a box store.We have two other properties that we are renovating and upgrading right now, both will require new kitchens and baths.
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22 December 2018 | 11 replies
It varies by sponsor track record, amount of heavy lifting and the risk.
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27 November 2017 | 8 replies
He said I have 3 options:1) Remove and replace the walls that have the peeling paint.2) Cover the existing walls with drywall (or some other building material) to enclose the peeling paint.3) Scrape and paint.My contractor is lead based paint certified, so we are going with scrape and paint.
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29 November 2017 | 22 replies
You should feel relieved that he is going at this stage and that you have two months rent to cover your time to find a good replacement tenant.I would continue to demand the additional months rent according to the legal contract and threaten to take him to court to collect.
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27 November 2017 | 5 replies
Here are my numbers:$62,500 mortgage $540/month for mortgage payment, taxes, and insurance ($6,480/yr)$675/rent ($7,425/yr at 90% occupancy)$80 cash flowMy overall goal is for retirement so I am happy with covering all expenses and not taking any money out for myself.
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29 January 2018 | 54 replies
Yes if you have tons of reserves to cover yourself when the sh*t hits the fan, then sure....you can ride the storm when your are leveraged up the a$$ and it all tanks....but most people that are leveraged that high do it because they don't have the reserves sitting around.......they cant weather the storm for 2-5 years until they can break even again.....It surprised me how many people are back on the gravy train of leveraging the hell out of everything because it will never go south again....dangerous road.
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28 November 2017 | 2 replies
The upstairs is rented for 250 per month (I think it's a fair price based on condition, layout, and size) and I'm considering making covered stairs but that will cost a few grand and take some time to recover.
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12 December 2017 | 23 replies
I've read/skimmed through dozens of airbnb threads but there are just SOOO many on this site covering a wealth of topics it's hard to find all the advice I am seeking. 1) For those of you living in a property that you also rent out (either renting out extra rooms or renting out while you are temporarily away) do you attempt to deduct your utilities?