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4 January 2025 | 20 replies
.* Receipts and Expenses: Once I brought to Jenny's attention that we were 20k above budget, she refused for days to give me the receipts, saying that I needed to give her my credit card statement first.
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4 January 2025 | 1 reply
If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.
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3 January 2025 | 4 replies
On top of that there was an $8,000 tax credit, as an incentive since people weren’t buying.
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2 January 2025 | 2 replies
Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.
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3 January 2025 | 19 replies
@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property.
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5 January 2025 | 5 replies
Several options you can explore to get the down payment capital: Solo401k; HELOC on personal residence or from equity of the SFR; Cash Value Life Insurance Policy; Business Credit; Private Lenders, to name a few.
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7 January 2025 | 16 replies
I've reached out to the gentleman that owns the large PM group in the area to see if he knows of any smaller PM that I can connect with and I also messaged my credit union to find out what my best options would be.
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2 January 2025 | 1 reply
So the seller cannot go get another loan for a car, house, apartment, etc. so it damages their credit by stretching them too thin.Am I missing something?
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3 January 2025 | 4 replies
referral=UZXgWmHappy to help review settings or share unused property assessment credits if needed!
3 January 2025 | 8 replies
I consulted with a real estate lawyer a few times this year who said it's very hard to sue for negligence and they advised against taking legal action, especially since the property manager at least followed through on the eviction and repairs.I've now asked the property management company to apply a $4k credit for all the challenges I've had working with them.