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20 November 2017 | 10 replies
In a round-about way, I'm asking for help and looking to see if I should completely back out of this or if there is someone in the Portland area willing to help out a newbie and gain a property along the way while also increasing your network.
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20 November 2017 | 10 replies
Another pro can be that neither accountant will likely increase the bill to you from year to year in fear that the other accountant can steal the business.
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19 November 2017 | 13 replies
The funny thing is they actually get you approved for a line of credit with 0% interest for 18 months to actually pay the cost of the program.
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21 November 2017 | 18 replies
So hypothetically if I get 3.5% down on a $100,000 home then put $5,000 in repairs and increase the value to say $120,000.
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20 November 2017 | 10 replies
PROPERTY INFO4 BR, 2.5 BA near Little Rock, AR$31,980 cash purchase (20% down, 30-year fixed)Property valued at $159.9KINCOME: - Rent: $1,295/mo (Year 1), with $50 monthly increase in Year 2 EXPENSES (Total $1,230.61): - P & I (30-year fixed at 4.75%) $667.29/mo - Property Management (10%): $129.50/mo - Property Taxes: $163.67/mo - Homeowners Insurance: $50.40/mo- Repairs/CapEx (10%): $129.50- Vacancy (7%) = $90.65RETURNS: - CoC = 2.42% @ $64.39/moQUESTIONS: 1.
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19 November 2017 | 3 replies
When running various rent price (income) scenarios to see the impact on your monthly cash flow, you are "penalized", in a sense, for increasing the rent price.
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2 March 2019 | 7 replies
.- Tenants generally will be less inclined to try any funny business because they know you are right next door (or above/below them)- It's more conducive for learning as you go.- More favorable loan and insurance terms for an owner occupied property.There are also downsides such as:- Less privacy- Blurring of the landlord vs neighbor relationship- Can be harder to be the "bad guy" on things because you see your tenants often.
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21 November 2017 | 5 replies
And thanks for the pointer @George Blower - I'll take a look and see if that increases my options!
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21 November 2017 | 11 replies
For the most part, the intentions are noble, and in some areas like seattle, issues of affordability are increasing and very real, even to people with good blue collar jobs.
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28 November 2017 | 5 replies
This will increase the sellers transaction cost which will increase the purchase price.