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15 May 2024 | 23 replies
If you were to buy a $100,000 home you would need $10,000 + closing costs to close.
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14 May 2024 | 3 replies
We had to replace all of the carpets with wood, costing us over $5K.
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15 May 2024 | 22 replies
Again, I'm not local so I'm just taking every cost and push-back on progress at face value.It's $80 per door, per year, plus the one time inspection fee, which I was thinking was $180, but don't recall exactly right now.
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14 May 2024 | 11 replies
my goal is to keep it as simple and low cost as possible.
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15 May 2024 | 15 replies
Hopefully they accept the increase because it sounds like it will cost you thousands to turn it over for a new tenant.
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14 May 2024 | 6 replies
There is a significant upfront cost associated with this but I have calculated it will average 2.2 years per building to save the cost I’m currently paying for oil.
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15 May 2024 | 3 replies
It's a cost of doing business.
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15 May 2024 | 3 replies
If your operating costs are below the market, your NOI will likely be matched closer to the appraisal's market rents.
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14 May 2024 | 7 replies
That gives me additional income and offsets the risk of loss if I have a longer vacancy once they leave. 25% sounds like a lot, but consider what it will cost them to find another rental in the next 30 days that will allow a three-month lease, plus the cost of moving, setting up utilities, etc.There's nothing wrong with trying to help out a good tenant, but don't hurt yourself in the process.
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15 May 2024 | 17 replies
so, just something for you to think about - that a 3 or 5 or 7 year hold period probably won't get you enough appreciation to offset transaction costs.