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8 October 2016 | 11 replies
The maintenance is pretty high.
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4 August 2016 | 6 replies
I was wondering if any agents out there would like to share any tips or best practices that help out with day to day operations (such as CRM software, fax or call services, listing management tools, how to start lead generation).
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4 August 2016 | 9 replies
His management company services a large portion of the properties there and you will inevitably find someone who can connect you.
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5 August 2016 | 4 replies
I like deal better with condos because 0 maintenance from outside also management.
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9 August 2016 | 35 replies
Anyway I am very happy with OCF and their customer service is top notch.
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4 August 2016 | 10 replies
What groups you guys are using from lenders to mgmt co to maintenance.
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3 August 2016 | 4 replies
i.e. his cash your services he or she needs
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4 August 2016 | 16 replies
So the first home purchase is scary but I think if your planning on living there for at least a few years you are more likely to do better purchasing it today than later.If you were purchasing this primarily as an investment my advice would be a little different such as do not pay retail, consider house hacking, your mortgage to expected rent is to tight to be cash positive with maintenance, vacancy, and cap expense added, evaluate exit strategies, etc.
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10 August 2016 | 19 replies
Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.
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16 August 2016 | 45 replies
<-- income capped, meaning middle class and modest income only, but HUGE for those below the threshold.Mortgage interest deduction.Property tax deduction.Being able to write-off maintenance/repairs on your rental properties.For Californians, Prop 13 is a huge boon to buy-and-hold REI.There's a reason that entire books, intended for the middle class and others that aren't paying $10k/yr for CPA services, have literally been written about how to maximize tax goodies associated with owning real estate.