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21 February 2024 | 7 replies
HI John, You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
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22 February 2024 | 21 replies
Born and raised just above the poverty level, spent 21 years in the military, bought my first house at age 30 for $87,000.
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22 February 2024 | 5 replies
Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.
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22 February 2024 | 7 replies
Hi Baskar,COC seems pretty low, but it depends on how you are looking to execute this.
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23 February 2024 | 13 replies
Changes are low that you will be reimbursed for the damages and sounds like you can't prove that they occured with their tenancy.
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20 February 2024 | 4 replies
I can be pretty level headed when solving someone else's problems that have zero financial and emotional investment from me.
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20 February 2024 | 5 replies
This three level multi family property has potential, with 2 bedrooms on the first floor and 4 bedrooms on the second, and it has a finish basement with a bathroom.
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20 February 2024 | 1 reply
❌ Previous Rent: $1,100✅ Post Reno Rent: $2,000 (plus utilities)Original Underwriting: $1,900$900 monthly rent increase$10,800 additional income per year (excluding utilities)We spent $35,000 for a premium level renovation.= 30.8% return on investment (ROI)We target an ROI between 25% - 35%.
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20 February 2024 | 0 replies
I have had a huge interest in real estate, specifically, investing (BRRR, short-term rentals) and most recently in developing (I realize developing is a more "advanced" strategy).I'm thinking I should hustle and reach out to real estate agencies, in hopes of snagging an entry-level job or part-time gig to learn the ropes and build relationships with local investors.
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20 February 2024 | 5 replies
The humidity in the crawl space is not too bad, readings have been average to a little above average in the wood and air.I want to replace the flooring to LVP or LVT but need to have level floors in order to do this.