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9 March 2024 | 8 replies
We are having a lot more success finding midterm rental clients on Airbnb and Zillow, including nurses. 5 out of our past 7 rentals on Airbnb have been nurses.
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6 March 2024 | 3 replies
They are both on the lease and have been together for years but are now breaking up.
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9 March 2024 | 4 replies
I do have a good radar for judging people I worked as a nurse in Prisons including working Additionally, I self manage a property in Arizona out of state.I do realize I need to build my team for out-of-state investing but I am not at that point yet first I need to start analyzing the area.Thank you!!!
9 March 2024 | 6 replies
Wholesaling, when done legitimately, is perfectly fine with many brokers including mine.
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9 March 2024 | 1 reply
One was a "steal" for the price: came with 3 TVs (including an 82") and an 8-camera security system.
8 March 2024 | 11 replies
Include appliance replacement amortization in your deal breakdown.
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9 March 2024 | 2 replies
This includes ensuring the property is safe, habitable, and in good repair.
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9 March 2024 | 6 replies
I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???
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9 March 2024 | 89 replies
It's like the house knows you need the cash - something is going to break and deplete all of the cash flow for that year.
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9 March 2024 | 9 replies
Even if you don't plan to sell, you'll always want to be analyzing all potential exit strategies (including selling).