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5 April 2024 | 4 replies
As an alternative, would you feel confident retiring on $5k/$10k/or $15k/mo of income that increased about the same as inflation every year?
4 April 2024 | 8 replies
If you're using regression to predict how much a market would appreciate by I think that would be a much easier regression task then predicting how inflation would increase the price of a gut rehab (increased parts and labor prices due to increased cost of manufacturing and increased cost of living respectively).
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6 April 2024 | 7 replies
Some states like my home state of South Carolina re-assess upon sale.The seller property taxes may not be your property taxes.Insurance costs have increased.
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5 April 2024 | 1 reply
I've been paying escrow+mortgage on rentals since 2015 and never had this happen to me.Details:Mortgage company does an escrow analysis and finds the following:2023 Taxes $1648 + Insurance $1634 = Total: $3282New Escrow for 2024Taxes $2331 + Insurance $1918 = NEW TOTAL: $4250- With increased tax and insurance I owe $968 more on escrow.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something?
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4 April 2024 | 5 replies
This is roughly the message I send to my tenant 60 days before lease renewal:Dear tenant, Insert nice words....Your lease is expiring on [date]You have the following options:Renew your lease for 12 month at [rate] (If market rate is $100 higher I tend to increase something, if market rate is $200 higher I use (current rate + market rate)/2 for the new rate, if market rate is same or lower I would keep it the same rate)Move to a month-to-month lease at [rate x 1.25]Vacate from the premise on or before [lease end date]Please let me know by [deadline].
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6 April 2024 | 45 replies
They grow in value, the tenants pay down mortgages increasing equity, you get tax benefits, and there's the appreciation.
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5 April 2024 | 7 replies
It is a pretty popular restaurant so I am sure sales would do well.
5 April 2024 | 5 replies
If you plan on using the HELOC as a down payment on another property that you plan on financing, just keep in mind you are increasing the debt on your current property, and paying interest on the HELOC, as well as interest on the new purchase if you finance it
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4 April 2024 | 2 replies
By analyzing metrics like sales figures and listing effectiveness ratings AI driven tools such as Relitixs "switch risk rating" and "rookie potential rating" enable recruiters to prioritize their actions and uncover agents with potential.Furthermore AI is constantly evolving, with machine learning algorithms adjusting to market shifts and refining grading systems, for accuracy and relevance.
5 April 2024 | 2 replies
We plan to move forward with the sale either way and I have recommended the mother to seek representation, but where I'm lost it, why would anyone, prefer and eviction over Cash for Keys?