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31 August 2021 | 5 replies
And surely I would like to keep my expenses down.My mantra is: "Go with the cheapest and safest option" & "stay away from fancy stuff"I will try to get multiple quotes as you recommended.Thanks again!!
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3 September 2021 | 8 replies
Anyway, the problem is, we just got a public safety violation notice because the tenant left a whole bunch of stuff on their driveway, and it has been there for a while (a few weeks).
1 September 2021 | 4 replies
That tells you a lot.I would be looking at all this stuff way BEFORE you hire an inspector......Typically inspectors only check the water pressure coming into the house, but not the pressure of the pipes.On a house that old, I would also hire a separate plumber to scope the sewer pipes, unless you know PVC has recently been installed....probably $150.You should also have termite/WDI inspection as part of your home inspection.
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11 October 2021 | 21 replies
.$1,750 monthly rent (Local PPM feels $1800 is a done deal based on comps)$21,000 gross rent-$2,100 PPM fee-$2,300 taxes-$1,700 HOA fee (landscaping, roof, siding they take care of)-$900 yearly repairs (call the plumber, the heating guy, etc)-$1,100 yearly accrual (eventual paint, carpet, new appliances)-$400 CPA (I use $400 against each rental)-$1,600 insurance-$200 stuff I'm not expecting-$1,750 (1 month vacancy, every 2 years, plus marketing costs)$8,950 net profit / $257,000 = 3.48% ROI with no appreciation.Yes, one can buy a share of Coke to make 3%, or a share of Chevron to make 5% but like all investments, things go up and down.
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31 August 2021 | 19 replies
@Scott Mac Dads hoarding won’t go away just because the stuff does.
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1 September 2021 | 17 replies
You're good at fixing stuff up, though.
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1 September 2021 | 5 replies
I'd go early open up doors etc, and when she arrives I'd ask her to walkthrough herself and do as mentioned above.
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19 September 2021 | 14 replies
Typical house hacking stuff.
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10 January 2022 | 12 replies
And that’s just the stuff pertaining directly to real estate.So, I’d love to continue investing in BRRRR’s or flip houses when/if I move to Houston, but wonder if it’s a good market for those forms of investing or if I should start changing my investing outlook.
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22 December 2021 | 22 replies
I have ZERO idea what's happening with the bankruptcy court, if our stuff was ever even filed, or if we'll see any of our money owed to us.