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15 March 2024 | 20 replies
I thought it would depend on bank appetite but I've heard back that vacancy isn't an issue so long as the property is self sustaining as is.I think there's a fine line between filling an open spot and resurrecting a dying center though.
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14 March 2024 | 14 replies
The tenants call us to report a problem, we call him, he calls the tenants back to coordinate a time to fix the problem.
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14 March 2024 | 9 replies
The firm I worked with in the past charged me massive fees, largely because we were higher income and they didn't back it up with value.
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12 March 2024 | 24 replies
Ok thanks for getting back isn't it highly competitive right now though?
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14 March 2024 | 8 replies
If the 10% penalty comes out to $3,000 it would only take 3 months to make the money back.
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15 March 2024 | 214 replies
Went under contract once but inspection came back with all sorts of issues.
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14 March 2024 | 0 replies
The argument I often hear made is this:Raleigh is going to experience price drops to bring us back to some sense of normalcy.
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14 March 2024 | 9 replies
To piggy back off Connor - offering an incentive to tenants who find another renter when you have vacancies and trying to limit pets can help a lot as well!
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14 March 2024 | 1 reply
Understanding the different policies and your risk exposure is properly the most important thing to understand.Understand your deductibles and what is covered with your specific policy (i.e, is sewer back up included, flooding)You can always get an umbrella policy if you want some additional insurance.
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14 March 2024 | 18 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.