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4 March 2019 | 2 replies
Or do you stick with hiring outside to avoid any drama in case the job is done poorly?
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5 March 2019 | 6 replies
I’ve got the real year end numbers from them running the property for a year which they said they can’t wait for me to save 4K a year by not hiring them.
6 March 2019 | 8 replies
It seems like it has the potential to be a decent house hack where I can live in one side and rent out the other side, but I am analyzing it as if I were renting out both units.Here's the overview:Seller accepted my offer of $90,000 (they were originally asking $95,000)Similar sized duplexes rent for around $1,500 total ($750 per unit)The total gross rent would be about 1.6% of the purchase price.I can get a conventional 30 year loan @ 4.5% interest, with a 5% down payment.Mortgage payments with PMI would be around $469 according to mortgagecalculator.org (not including taxes or insurance)Using the 50% rule of thumb to estimate expenses, I might be able to cash flow around $140 per unit.Here's what I found out when I went inside:There are 2 new forced air furnaces.Updated pex and PVC piping.Updated electrical wiring with separate panels.2 old corroded hot water tanks.
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12 July 2021 | 30 replies
Finally, probably 95% of all the local real estate agencies would "hire" you.
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24 March 2019 | 8 replies
I'm hoping some of you can share some insight on the importance of certain amenities for attracting and keeping tenants such as:-An enclosed garage-Air conditioning-Radiant or central heat-1 vs 1.5 bathroomsWhich are considered a must-have, nice-to-have, or are irrelevant?
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14 March 2019 | 7 replies
When the contractor that I hired signed the contract with me, he said that materials are to be covered by him, and all fixtures are to be covered by me.
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7 March 2019 | 29 replies
I bought the materials and hired contractor to do the work (labor only since I purchased the material).
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6 March 2019 | 7 replies
Yes, if you know how to play the game or hire expensive professionals like myself to help.
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5 March 2019 | 6 replies
This is doubly true if you will be going the turnkey route or hiring a property manager - if you want to invest in C/D areas because your research tells you that's what aligns with your goals, make sure it's in a market you can manage yourself (an hour away or less by car).