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5 June 2024 | 3 replies
Unfortunately these do cost more and tend to dry out in the can, causing waste.
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5 June 2024 | 21 replies
If you are looking for more cost-effective options you can try roor.io or salesmate.io I have not used them yet but I am looking into them for alternate solutions.
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6 June 2024 | 3 replies
On top of that, you'll incur legal fees and costs to prosecute the case to get a judgment.
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5 June 2024 | 4 replies
That's the cost of owning and managing rentals as a investor.
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6 June 2024 | 9 replies
You learn a lot and can cut out costs and save more for cash flow.
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2 June 2024 | 112 replies
But is that from acquisition costs, rehab costs, or interests rates?
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5 June 2024 | 1 reply
The higher HOA and insurance fees have made investing in condos more complicated and not look quite as appealing, but there are still condos that can be purchased and an owner should be able to cover the cost of ownership.
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5 June 2024 | 2 replies
Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.
6 June 2024 | 11 replies
Have done tons of research into taking loans etc, but probably settling on getting 20% DP and 6 months worth of monthly costs (maintenance/mortgage/utilities).Started looking to my state laws and saw I need 3 years experience to even get a MN broker license and was wondering how I should go about that.Does that mean I have to sell houses or is there a way to become an employee under an existing property manager?
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5 June 2024 | 13 replies
With 100 homeowners who received a cost estimate only 5 remained in the program due to costs of a single conversion climbing up to $1M...it's just not worth it.https://citylimits.org/2023/03/13/in...about-cellars/If there was something in place that was more affordable, I'm sure more homeowners would be willing to take this route, myself included, to meet the city standards.