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7 June 2024 | 7 replies
I don't know Texas laws, but it's likely that the Texas landlord-tenant act provides that a tenant is responsible for damages to the premises.
8 June 2024 | 40 replies
@Carson McGee Is the person to chat with about STR in Hawaii!
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8 June 2024 | 8 replies
To protect myself I don't want tenants knowing my personal address etc.
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8 June 2024 | 8 replies
Exterior work involved repairing the roof, painting, replacing rotten wood, and installing new light fixtures.Multiple contractors were engaged for the project, with licensed professionals handling electrical, plumbing, and HVAC upgrades.I have compared the comps in this area on Zillow and it’s in the range of 115k to 130k. all else checks out, except that I do not have boots on the ground to verify in-person.
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8 June 2024 | 1 reply
Have you ever used your real estate or mortgage license for your personal transactions?
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7 June 2024 | 1 reply
They would get the tax breaks, have all the responsibilities of ownership, above and beyond a NNN lease.
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7 June 2024 | 11 replies
This ensures they are keeping an eye on everything, they get to see what it's like to be a landlord, they have to take responsibility for the lawn and other maintenance, they will learn to deal with people issues, and more.
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8 June 2024 | 37 replies
That's not my cup of tea and also very risky and capex may exceed cash flow if you don't spend enough on rehab up front.My last few personal purchases all involved circumstances that gave me an edge: at this point I look for properties that need minimal work: instead of a 6 months rehab, I already get 5 months of rent.
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7 June 2024 | 16 replies
I appreciate the response.
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8 June 2024 | 21 replies
if you buy a property at market price in a good neighborhood - you will break even or lose money.and in general, if you're serious about this, i'd recommend going to your chosen market in person, probably multiple times, to set up your team.