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19 May 2024 | 15 replies
IE its a very bad idea to attempt rent by the room with close neighbors, or in a nicer HOA neighborhood where tenants are seen walking streets to the bus/mass transit.
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20 May 2024 | 7 replies
I guess my question is how does it work at closing.
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19 May 2024 | 14 replies
This is in Oklahoma City, where Section 1 A.3 and 4 of the State Question 788 (7) states "an individual can (A.3) legally possess six (6) mature cannabis, and (A.4) legally possess six (6) seedling plants."
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18 May 2024 | 10 replies
In my lease agreement it states not to leave the door as to not let the cat out.Am I legally allowed to serve her a 3 day notice to quit for breaking multiple rules (right to quiet enjoyment, not locking the door, not leaving the door open to not let the cat out, not wearing shoes in the house) within the first week?
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20 May 2024 | 2 replies
We're hoping to sell the condo's for as close to top dollar as possible.
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20 May 2024 | 8 replies
More importantly, there no great bargains there…people are paying at or close to market value.
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17 May 2024 | 2 replies
As a general who does a remodel project for a seller but the arrangement is to get paid at closing.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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21 May 2024 | 3 replies
Revenue is not profit though...you have additional expenses in STR (close to 50% of OpEx) due to cleaning, vacancy, and supplies.
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20 May 2024 | 121 replies
When she vacations, we just close the office with a sign on the door having folks call.