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30 May 2024 | 33 replies
The general issue with accepting a partial payment is that unless there is something in writing to the contrary it can be seen as evidence that a payment plan was made between you and the tenant.
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28 May 2024 | 4 replies
Liability wise you should consult a lawyer, but it may be as simple as a waiver and proper insurance coverage.
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29 May 2024 | 5 replies
Food cost, Insurance cost, Drinking cost, eating out cost are all going up.
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31 May 2024 | 31 replies
So the negative cash flow is an inconvenience, but I plan on staying the course.
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29 May 2024 | 4 replies
You may be able to but you should plan for the worst.
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29 May 2024 | 7 replies
I love San Diego and also like doing Real Estate in San Diego. i am planning to figure out how to become a real estate professional along with keeping my W2 job as long as the Stadium Company does not fire me. i want to have a backup as my spouse also have a W2 and so if i get laid off i can be then consider full time real estate professional and then focus completely on my RE journey.
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29 May 2024 | 7 replies
What is the best way to use the Rental Property Calculator when you are planning on putting together a seller financed deal?
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30 May 2024 | 13 replies
I plan to write up a document for her to sign, although she has already stated she does not intent to put anything in writing… who knows why.
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29 May 2024 | 3 replies
This is common in larger communities especially in the southeast where there are HOA’s for your neighborhood but they are part of a larger planned community that has a community hoa - those could include a community pool or buildings etc
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.