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6 March 2024 | 8 replies
I just checked the forms the city had me sign for my plans, it just says "certain restrictions" apply if I had had a tenant in the last 3 years.
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6 March 2024 | 2 replies
Is it as simple as just living in it for 2 of the last five years?
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6 March 2024 | 4 replies
The rental market has been great for me....I only have turnover every 3-5 years, and last one was 1.5 years ago and I got a ton of inquires, and the rent has continued to rise quickly.
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6 March 2024 | 11 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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6 March 2024 | 8 replies
If it were me it would have been taken care of last time.
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6 March 2024 | 0 replies
The last partner's property is a single-family home in their LLC.
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6 March 2024 | 18 replies
It's funny... beginners read all the literature written about the housing market from 3 years ago and they say, 1% rule, lots of cash flow, but don't realize none of that works when the housing prices have doubled the last 2 years, as have interest rates.
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6 March 2024 | 6 replies
Last year around this time my dad was sick and I have to move overseas since he died to handle a few family stuff.
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6 March 2024 | 2 replies
(CNBC).Today’s Interest Rate: 6.97%(👇 .19% from this time last week, 30-yr mortgage)Well, I’m sick as a dog, which is a dumb saying since my dog never gets sick.
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5 March 2024 | 8 replies
Might could afford 1 month loss on 1 property, but 10....that would hurt most people.