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12 August 2024 | 0 replies
Do a lot more Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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12 August 2024 | 9 replies
What short term rental platforms/sites have worked well for you that I should consider posting the property on?
13 August 2024 | 4 replies
@Thomas Sehon we work with a lot of real estate investors that provide us with intel on who the top property managers are.
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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13 August 2024 | 5 replies
I plan on sticking with Baselane because it works for me now and because I know they're very open to user feedback and are constantly rolling out new features.
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13 August 2024 | 11 replies
For example, we do a lot of work within Philadelphia and Pennsylvania (both have different standards regarding legal/safe lead-levels).
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6 August 2024 | 4 replies
I want the deal to work.
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12 August 2024 | 4 replies
I’m looking to work with a broker who has experience with self-storage transactions to ensure a smoother process for a first-time buyer.
12 August 2024 | 9 replies
Tenants do have renters insurance but are not going to be pleasant to work with on this likely…
12 August 2024 | 1 reply
I'm confused because if the land and the loan are in my name, how does it work with reporting the income as a business?