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12 July 2024 | 281 replies
We asked him why he thought that and he said because his light bulbs keep burning out too soon.
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10 July 2024 | 3 replies
Make them based on what your tenants need (not want) which would also allow for them to customize (furniture use) to their tastes.I wrote a book on this a number of years ago that touches on a lot of these things, but it was focused on my specialty, "Energy Efficient, cost effective homes".
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11 July 2024 | 4 replies
(We were planning to move back to our rental and rent our primary due to higher rents so started to rehab the primary then found out insurance would not insure us due to the high fire risks if we changed so ended up rehabbing both houses and burned the savings).Our dilema is we don’t want to sell either of our current houses due to excellent locations and appreciation potential but want to progress with more rentals.
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9 July 2024 | 5 replies
Many times I have been in the home they choose 3-4 times for previous sales years ago, so can tell them all about updates, etc.I think many people are getting ready to have a rude awakening in the coming year or two and when people get burned with no representation or loose a lot of money.
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9 July 2024 | 11 replies
They just take more time, energy, and willingness to take risk through quick action.
9 July 2024 | 1 reply
Hey BP family,I am new to real estate investing but would love some experts insights so I don't get burned on my first dealThis is the property: https://www.zillow.com/homedetails/724-N-22nd-Ave-Bozeman-MT...My thoughts are my wife, 8 month old and I could live in Unit A for a year or two while we rent out Units B & C to help cover the mortgage payments until we build/buy a more desirable family ranch home with min 10+ acres which we've been looking for but have yet to find.My hesitation is I've never been a landlord and am reluctant to get in over my head with property problems while simultaneously growing an online business and being a new father.After some negotiation we counter offered 895k with a 2-1 rate buy down for 20k and the sellers have verbally accepted but since our offer expired we need to resubmit.
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9 July 2024 | 6 replies
Others like the low cost of the mid-west and have the, skills, time and energy to manage a project long distance.What strategy to deploy will depend on your goals and what your skills, lifestyle, and capital allow you to accomplish and the balance of those 3.
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10 July 2024 | 256 replies
I’ve been burned by Scott and he has not made any returns on the money he acknowledges was made.
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7 July 2024 | 42 replies
I hired this contractor that I found on the bigger pockets website actually and I ended up getting burned by him.
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8 July 2024 | 2 replies
. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!