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6 December 2022 | 6 replies
It could take you a month to find your first renter, then they stop paying after eight months, it takes two months to kick them out, then a month to renovate and find a new renter, and the cleaning and repairs cost $3,000.12 months of mortgage, taxes, insurance = $1,400 x $16,800Total income this first year: $1800 x 8 = $14,400Add four months of lost rent ($7,200) plus cleaning and repairs ($3,000) = $10,200 $14,400 - $27,000 = -$12,600If everything went perfect after this first year with no vacancies, no maintenance, no expenses, it would still take you 31 months to just break even.All investments involve risk, but it's calculated risk.
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25 November 2022 | 12 replies
As you know, with a real estate background, it makes perfect sense!
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22 November 2022 | 5 replies
I have teenage daughters that like to wear shorts and tank tops, then complain about how cold the house is.
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29 November 2022 | 27 replies
They removed the decommissioned oil tank, and remediated the termite and mold found in the basement.
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24 November 2022 | 4 replies
Any suggestions on how to locate the perfect person for this job and tips on how to onboard this person smoothly or anything to avoid?
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4 December 2022 | 12 replies
Being not the most "handy" person in the world and not feeling quite ready for a BRRR strategy just yet, a newer construction such as the one in Ashland City I'm looking at seems like a perfect way to get started househacking, at a fair price and in way less competitive market.
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28 November 2022 | 4 replies
A perfect duo to answer that very question!
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28 November 2022 | 3 replies
It would be perfect for travel nurses (2 minute drive) that come and go from our hospital.
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18 November 2022 | 12 replies
The condition of the house is perfectly liveable but just requires some cosmetic updates.
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18 November 2022 | 3 replies
If the numbers weren't perfect it didn't matter because I thoroughly believe "the key to getting ahead, is getting started"