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5 June 2024 | 3 replies
In essence, after two years I would have turned a $192k down payment into $284k equity (minus agent commissions and closing costs).After selling the property, my plan would be to roll this equity into other investment properties through a 1031 exchange.Questions:Is this a good opportunity?
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4 June 2024 | 28 replies
You are happy to take charge, but they need to pay 50%.Can the split be like 45:55 for I pay 45% of the cost and my neighbor pays 55% of the cost because it's their dog that is lunging towards the fence when it barks and therefore reducing the fence's longevity?
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4 June 2024 | 2 replies
Another reason for potentially selling this home, is that my fiancé didn't qualify for a HELOC on this home (house is in her name), and our equity is tied up.Overall, we love these homes and would love to keep them, but holding costs here in TX are expensive.
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5 June 2024 | 6 replies
Instead of having the tenants split the costs each month, it is just easier for me to do it all and charge rent accordingly.
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5 June 2024 | 7 replies
Our contract states a two-month notice for termination but doesn't mention any costs.
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4 June 2024 | 8 replies
I deal with mostly lower cost starter homes, so I stage very minimally.
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4 June 2024 | 5 replies
I guess my questions are in how to calculate the cost of a rehab?
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4 June 2024 | 8 replies
Partner Driven financed the Sardony Lane deal using its own capital, covering the $218,000 purchase price and $12,000 in renovation costs.
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4 June 2024 | 4 replies
I know his cost basis in the property is likely very very low, so selling would trigger significant capital gains and depreciation recapture.
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4 June 2024 | 42 replies
He is focusing on using the MLS to find motivated seller leads and then making offers through the list agent on the MLS.I would appreciate any feedback good or bad about this program which costs $7800!