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28 January 2017 | 11 replies
Get in touch with them, talk about the market, specific properties, and neighborhoods.
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27 January 2017 | 7 replies
If they default on the bank, the bank cant touch it.
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26 January 2017 | 0 replies
The lender has ordered the appraisal and I have some questions...1) If I didn't touch a thing in the house I could still qualify for the refinance being lower than 80% LTV.
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20 March 2018 | 21 replies
I am fortunate that I own another business that takes care of my personal income so I don't have to touch the RE biz.
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26 January 2017 | 6 replies
Paperwork has to be done so that you never touch the funds.
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31 May 2018 | 18 replies
If the tenant has been there years I may look at some cosmetic touches if all else has been grand.
27 January 2017 | 2 replies
Automating drip campaigns (new lead welcome emails, 8 touch campaigns, sphere campaigns, agent referral campaigns, etc.).For a basic CRM, you want to be able to at least leave comments to track activity with each lead.
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27 January 2017 | 6 replies
Here are the details:Duplex purchased in August, 2015 for $155,000ishLived in one side of the duplex until September 2016Both sides rented for $1,200/mo ($600/each) when I first bought itBoth sides now rent for $1,800/mo ($1,000 for renovated side/$800 for other)Cash flows well for me (about $8,000/yr) and I have a very reliable, cheap property manager (good buddy of mine); total expenses are around $1,125/moHaven’t added up all the numbers, but estimated renovation costs were about $25,000Reasons I am considering selling:Live in Dallas - don't want to deal with property out of townInterest Rates rising (slightly afraid of a market dip): my property manager will be leaving College Station in 2 years (once he graduates) and I might have trouble selling the place at that time if market is in bad shape; don't want to pay 12% for a conventional manager to handle it, but I could do that if need beConsidering buying and building in Dallas 'M streets' area (for primary residence, not investment) - which will be quite expensive; we have savings, but if we had to pay cash for a distressed home or lot in the area, then that would be tough without this capitalLooking to sell for about $230,000, which would be about a $50,000 profit: don’t want to pay taxes on the gains, but I am unsure of how to manage the situationCan’t live in it for another year (to get to 2 of 5 years primary residence)1031 exchange to personal residence seems tricky – I assume I would have to exchange for another investment property, establish it as such, and then convert it to my personal residence sometime down the road; also the timing on these things seems absurd (45 days/180 days) unless you have something totally lined up, which I guess is the pointAm I up the creek and I should just sell it and pay the taxes?
27 January 2017 | 1 reply
I might need to do some finishing touches but overall not that much.