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29 February 2024 | 17 replies
Here's an example:50% of the total price due at the time of booking.If they cancel 30 days prior, I refund the entire amount.If they cancel 15-29 days prior, they lose half of their reserve payment.The total price of booking is required 14 days prior to check-in.If they cancel within 14 days of check-in, the forfeit all funds collected.If I am able to rebook at any time during this process, then I refund their money, minus a processing fee.If they booked six days and I can only book three days, I will refund three days of their money.
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29 February 2024 | 4 replies
Property B- I can get a cheaper parcel right at 2800 an acre that's also essentially a rectangle BUT would require us to put in at least a dirt road as the road frontage is on the narrowest property line.
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29 February 2024 | 9 replies
In my area you are required to pay for the properties immediately following the auction.
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1 March 2024 | 14 replies
Cities around here are slow to implement the new "modern city" changes you see in other places, like allowing ADUs and eliminating parking requirements.
29 February 2024 | 14 replies
While finding seller financing deals may require some extra effort, there are indeed multiple ways to find such opportunities.
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29 February 2024 | 2 replies
Here's a brief overview of the key steps, legal requirements, and factors that can impact the timeline.Steps involved in an evictionThere are usually several steps involved in the process of evicting a tenant, beginning with issuing a notice to the tenant to vacate the property, followed by filing a lawsuit, and culminating with the physical removal of the tenant and their belongings from the premises.Legal requirements and timelines for each stepEach step is governed by specific legal requirements and timelines.
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29 February 2024 | 2 replies
I also can’t use a FHA or any loan that requires me to stay in the unit for a year.
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29 February 2024 | 7 replies
Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.
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29 February 2024 | 22 replies
I would also consider GA, but that market is pretty saturated right now, so it would be hard to really do it effectively in the time frame that a 1031 would require.
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29 February 2024 | 9 replies
These loans will offer the cheapest interest rates, especially if you're going to occupy one yourself.My advice, if you have the downpayment + income to support the loan, speak to a loan officer to review your profile and see if it makes sense before exploring non-conventional methods (more expensive rates & bigger downpayment/reserve requirements).