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3 April 2020 | 5 replies
I hope everyone is and remains healthy and safe during these challenging times....I'm a first time flipper and I could use some help/advice.
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16 April 2020 | 30 replies
Stay safe and healthy at this present time!
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2 April 2020 | 1 reply
But there are lots of voices of support as well!
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16 February 2022 | 27 replies
You aren't supporting this property with real dollars -- again, in my humble and very respectful opinion -- and I'd hate to see a fellow investor hit a wall.
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15 April 2020 | 21 replies
@Jasraj Singh Yes in my opinion it is a simpler process and at teh end of it you still only have one loan/payment to track, as long as teh equity in the building supports what you need out of it you will have little out of pocket expense.
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1 May 2020 | 9 replies
I'm just trying to figure out if this is a healthy financial practice or maybe an indication of something gone wrong.
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2 April 2020 | 3 replies
. $1,305.65 monthly payment.Four 2bed 1 bath units currently rented at ~$750/month, researching rents supports charging $1,000 month rents.Total Annual expenses: $3,920 Tax (actual), $1,000 (insurance), $1200 water (actual), $800 trash (actual), Capex/reserves $2,400 or $9,360 annual expenses. $9,360+ $15,667 = $25,027.Gross Rent- Gross annual expenses ($36,000-$25,027= $10,972)CoC= $10,972/$100,000= 10.97% on current rents or 22.97% at marketMy goal is to get the rents to market.
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2 April 2020 | 8 replies
Don’t over analyze if the comps don’t support your ARV; don’t use them.
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8 April 2020 | 13 replies
This essentially shifts the company's overhead office expenses onto the employee and further supports the previous point, that employees are going to value their home space more. - I completely agree with @Sarah Brown that just as companies are being forced to work remotely, there's a potential balance between completely WFH and a dedicated office with mixed-use coworking spaces.