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6 July 2018 | 21 replies
I would think duplex property might result in lower rent than a detached single family property.
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9 July 2018 | 21 replies
Every single lender out there wants to fund a project but they don't want to give you money up front.
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29 July 2018 | 7 replies
One other adjustment I would like to make that is currently on the lease is the lease says "owner pays water for both units" with me being a single and them being a family I feel it's fair for them to pay for their own water bill because they're naturally going to use a lot more water than me.
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1 July 2018 | 5 replies
I'll agree with @Ashish Acharya here: if you're wanting to sell the property primarily as a way to get some tax-free cash, then yes, sell within three years after moving and you qualify for the $250k(single)/$500k(married) Sec 121 exemption.
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29 June 2018 | 1 reply
But heck, with a single income, that was my only option.My intension is to use my first BRRR to launch and do more deals, with the goal of building a rental portfolio of long term passive income.I'm excited to show you the numbers and photos.
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2 July 2018 | 2 replies
ANYTHING.I grew up with nothing, came from a poor home of a single mom who worked hard labor her whole life to provide me the opportunists I have now.
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26 July 2018 | 9 replies
My wife and I have one single family rental already, and I'm looking to learn more and expand our real estate adventure!
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2 January 2020 | 30 replies
Of course, the more details you share about the property the better, so here's a generic outline to make sure we get all the necessary info to evaluate what to expect:Property Type: (Condo, Single Family House, Multifamily Property)Total Doors:Purchase Price:Year Bought: (Buying at bottom of market obviously makes for more cashflow today)Financing: (Cash purchase, financed with percentage down, lease option, etc.)How You Found Property: (MLS, Off-market, Wholesaler, Foreclosure, REO, etc.)Property & Neighborhood Rating: (A-F, 1 to 10, neighborhood quality and condition of property)Net Cashflow Per Door:Cap Rate, CoC, Appreciation, Etc.: (Any other metrics or ROI figures you think are important to the deal)You can either answer in this format or write a paragraph or two including all the details.
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1 July 2018 | 9 replies
However, if it was clear at the start that you were offering a reduced rate for single person occupancy and that is changing now, then you can renegotiate the terms of the lease.