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28 April 2024 | 5 replies
It looks like the school referendum will have some impact on property taxes, but the decision to increase rents should not depend on your cost, but on how far you are way from market rent.
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28 April 2024 | 14 replies
The highly effective path to accumulating wealth in rapid time is the same, unhyped, path it’s always been:- Radically cut back on expenses by getting roommates, living in the smallest bedroom in the basement or attic for a few years, and househacking or renting cheaply.- Bike or walk to work- pack lunch and learn to cook.- Read a new business book or equivalent every week for years.- Amass liquidity as rapidly as possible.- Use that liquidity to purchase real estate or take shots at small business entreneurship.To more directly answer your question though, I think that the “live in flip” is one area that seems appealing right now, in Denver.
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26 April 2024 | 11 replies
It sounds a bit high imo but it really depends how much work he/she is doing.
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29 April 2024 | 3 replies
Regarding your situation, the appreciation strategy for real estate investment is compelling, especially in a high-demand market like Vancouver.
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29 April 2024 | 13 replies
I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).
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28 April 2024 | 6 replies
Also, since you rely on this income, you likely aren't prepared to weather VERY negative situations such that they could have a significant personal impact on your own personal financial situation. 3.
2 May 2024 | 41 replies
A highly skilled Guatemalan (my preference) or Mexican laborer will cost you $150 per day.
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26 April 2024 | 2 replies
Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7k and plus monthly mortgage insurance... in 2020 there was not just a thing 2% of the loan on mortgage origination loan fee!
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29 April 2024 | 8 replies
Is Tracy hills an easy commute from major high paying jobs?
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28 April 2024 | 1 reply
If you get down to where you are thinking, "We might only own this for 2 years" those expenses don't get divided up by many months and could impact the analysis of what is smarter to do... because you will probably pay double those fees when you sell it.