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4 March 2020 | 14 replies
When I want something completed in a hurry I get permits and as much of the materials as reasonable stored nearby and make sure of contractor schedules, and don't rely on people you have not used before.
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7 March 2020 | 46 replies
have enough money put away in reserves, when it rains it will pour, well at least for me
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4 March 2020 | 7 replies
Just drove by the property today and one unit has a broken window and a mattress stored out back.
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3 March 2020 | 9 replies
It takes a lot of sweat to keep some money in your pocket, a lot of experience typically only gained through pain to know what to look for, and a large pile of reserves that you're sitting on, not making $$$ with.
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3 March 2020 | 2 replies
I have seen it done with 12-24 months worth of commission history, If there are positive contributing factors like large reserves, and good credit scores.
1 April 2020 | 4 replies
In conditions such as those we face today, fulfilling redemption requests would require us to either substantially deplete vital cash reserves, or, even worse, potentially sell assets into a down market, likely at a price far below actual value.
5 March 2020 | 6 replies
But some general rules of thumb I look for: it needs to cash flow when accounting for PITI, repairs, maintenance and vacancy reserves, AND a standard management fee, typically around 8-10% cash on cash not including potential appreciation.
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4 March 2020 | 3 replies
Another big step to take prior to buying properties is ensuring you have a reserve account established.
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5 March 2020 | 16 replies
The 'airforce reserve' gal had all the chores down on a chart & ran a strict ship so to speak.
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4 March 2020 | 2 replies
Assuming you have cash-flow and build reserves for EACH property I'd choose the higher deductible every time (unless the property has lots of deferred maintenance).