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15 July 2024 | 26 replies
This will keep you personally protected and allow you to run your real estate business far more effectively.
17 July 2024 | 1 reply
Go visit the planning and zoning department in person.
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18 July 2024 | 14 replies
Let's keep in touch :)
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18 July 2024 | 1 reply
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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17 July 2024 | 15 replies
@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there.
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19 July 2024 | 53 replies
They wouldnt do the deal because I don't own my primary residence.... seems odd to not lend on a 1.4 DSCR property700+ creditI've been a landlord for 6 yearsThis is my second BRRRRMake $100k per year.I dont own my own residence because I moved from Pa. to Fl. and am renting until I find an area to live more permanently.Luckily the asset and my personal finances were enough for other "asset based" lenders to do the deal, and Lending one lost out on future deals.
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18 July 2024 | 5 replies
However the grey area for me is wondering if I need to assume the entitlement or can she keep it in the loan so the 1 year occupancy is waived and I can rent out.Mom does not own a primary residence but she certainly could if she’d like too.
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19 July 2024 | 12 replies
The former group will bleed you dry, and the latter group is only good if the property is in good shape when you take it on and keep it that way.
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16 July 2024 | 26 replies
In regards to raising rents and keeping them, the max for raising rents is 10% unless particular town has rent control then you must follow those guide lines.
17 July 2024 | 6 replies
You should have started eviction process IMMEDIATELY to keep pressure on the tenant to get help or move.