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23 March 2018 | 8 replies
Opting for a custodian on a Solo 401k plan unnecessarily inserts a middleman that usually slows transaction times and increases your overall costs.
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10 April 2018 | 13 replies
If I do not desire the tenant or he does not want the increased rent I look for a new tenant for the rehabbed unit. 6) I move into the not rehabbed unit and start rehabbing it. 7) when I am done rehabbing it I refinance it pulling out hopefully all of my invested money (using contractors I usually get my down and part of my rehab cost but if you are doing much of the work yourself I think you may be able to get out all of your invested money 8) Use all that knowledge you have obtained to do it again with less mistakes trying for that homerun investment (I think most experienced So Cal RE investors have the Homerun deal: the type of deal you can potentially retire on).Here is also something you may not know: Commercial RE loans (5+ units) are more based on the numbers of the property than the numbers of the investor.
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23 March 2018 | 9 replies
It depends on the tenant profile, generally likely-hood of a tenant self performing increases the smaller they are.
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23 February 2020 | 10 replies
We decided not to renew because we had not done the screening piece and there was going to be a major increase in the rent.
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2 April 2018 | 10 replies
It increased so much in value already.
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18 May 2018 | 10 replies
I too am appalled at the increasing inability to get a second chance in the USA, a country founded, developed and built on second chances.
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21 March 2018 | 5 replies
As demand for space in the market drives lease rates higher in older properties, it’s only a matter of time before those lease rates justify new construction and increase supply risk.
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21 March 2018 | 5 replies
If it keeps happening they get a nice rent increase on the next lease renewal.I have installed Boiler Reset Controls on my properties to help a little with this issue.
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28 March 2018 | 6 replies
If you add a bath it may trigger to re-assess your property tax, and the increased amount may not be justified from your rent (especially if you own this property for a long time).
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21 March 2018 | 10 replies
I want my PM to make a profit, but I want that profit to come out of the profit I get when they've increased my revenue and lowered my expenses and I want to understand exactly what I'm paying for, how much, and why.