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2 January 2025 | 9 replies
The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."
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6 January 2025 | 31 replies
Short answer: Yes, laundromats can be profitable, but profitability depends on a few factors.
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13 January 2025 | 23 replies
It does eliminate the need to add chlorine but the chlorinators (Pentair IntelliChlor) have a fairly short lifespan.
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19 January 2025 | 61 replies
I said no but it maybe cost you 50 bucks a month other wise your tenant is paying off your principal and 3 to 5 years goes aweful quick then you own it free and clear and you just put 10% down and tenant paid of the rest what are you really going to do with 100 a month anyway... it was funny that was a hard sell. but I can tell you I did about 50 of the no interest and as they paid off you talk about a happy buyer getting their reconveyance deed in such a short amount of time..
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8 January 2025 | 11 replies
A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals.
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10 January 2025 | 13 replies
:-)BTW, I'm actively looking for working partners with some cash to put in for the short to mid-term.
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2 January 2025 | 2 replies
Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.
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7 January 2025 | 8 replies
The only exception might be if you plan to and if your market supports short term rentals.
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19 February 2025 | 171 replies
In short no change.Cash flow that was supposed to start in 2019, will now start "in a couple of years".
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7 January 2025 | 16 replies
I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term.