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4 June 2024 | 7 replies
So when you go you will be better prepared.You may also get to see some attorneys and if you decide to hire one, you will see which ones actually go to court, which ones are prepared and worth their money, etc.
5 June 2024 | 20 replies
cost to sue $10-15kChances of winning 25%You decide if it is worth it to you.
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4 June 2024 | 4 replies
Since I still have all my connections and family and friends over there, it’s fairly easy to manage long distance from NY.
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4 June 2024 | 6 replies
Should I keep it or rent it out unfurnished (w/ management I will cut even or loose like $100 per month cash flow)?
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4 June 2024 | 2 replies
My goal is to achieve financial independence through strategic property acquisitions and management.
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5 June 2024 | 14 replies
However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties.
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2 June 2024 | 12 replies
-Think about what asset class you want to go into as well, whether you are doing a short-term rental, mid-term rental, or long-term rental, you can also use up 75% of the rent income from the separate unit if you do decide to go into multifamily, this could make it easier to qualify for a small multifamily property.
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4 June 2024 | 8 replies
He givers a lot of practical advice about researching markets, building a team, and more.Personally, I think the Property Manager is the piece your success hinges on.
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4 June 2024 | 8 replies
I always find REIA meetings great for networking with local lenders, contractors, property managers and other like minded investors who are usually willing to share referrals.
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4 June 2024 | 6 replies
Unfortunately, the reality has been a cascade of disappointments, with the primary offender being the shockingly inadequate battery life.The promise of efficient power management proved hollow, as all 28 locks consistently suffered from rapid battery drain.