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19 February 2018 | 0 replies
What kind of lawyer do I contact if I need to get legal representation?
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20 February 2018 | 8 replies
Am looking at these two properties in LA, one is a 4-unit 50 years old just East of Culver City, somewhere east of Hauser and just north of Jefferson Blvd. this one is a bread and butter property which almost covers its own expenses and will be completely carrying itself in 5 years, second one is a 3-units 95 years old on Eagle Rock in walking distance to Colorado Blvd with one unit vacant (needs 30K to rehab).
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20 February 2018 | 12 replies
There is usually a clause that says you are not relying on any oral representations of seller.
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20 February 2018 | 5 replies
In the long run, heating the building to 60 degrees and having the tenants cover the rest would probably net you less overall(that's a guess without doing any calculations) but if you plan to own the building for a short period, say 5 years, I would absolutely go for a central heating system set a certain temperature, with the tenants covering the rest to bring it up to a comfortable zone.
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20 February 2018 | 11 replies
The returns on keeping current tenants for the past 1.5 years have far outweighed turning over each unit.My point is that there are many ways to keep a current tenant, maintain positive cash-flow, and cover yourself all at the same time.
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20 February 2018 | 2 replies
In Ohio, you can put up a promissory note to cover much of the purchase.
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28 February 2018 | 4 replies
I can bump the limits of each policy easier (cheaper) than I was able to find some way to cover them all.
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21 February 2018 | 7 replies
I guess the amount of the credits is enough to cover it.
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20 February 2018 | 2 replies
Put enough so rent covers mortgage or put more down to cash flow, 30 year mortgage or 15 year with more??
21 February 2018 | 11 replies
I don't plan to have more than 10-15 units total, so it would probably make the most sense to suck it up and just make sure my interests are covered.