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16 April 2024 | 11 replies
., as the average effective property tax rate in the Lone Star State is 1.60%.
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17 April 2024 | 5 replies
Does anyone actually believe the reported inflation rate or that US denominated debts (worldwide) will ever be repaid?
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16 April 2024 | 3 replies
Now worth $650,000Step 5: Brought the four family rents up to market rate which is $5200 per month.Time to complete: 10 years.Cash flow went from $350 per month to $2,000 per month.Properties are now worth around $1,000,000.Success story BStep 1: Bought a condo in 2014 in a HCOL city for $200,000 and rented it to a roommate (house hacking).
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15 April 2024 | 1 reply
I’m not just being cheap, lol.
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15 April 2024 | 27 replies
I'd try to steer you toward secondary markets in Texas (think Belton/Temple, Waco, Bryan/College Station, San Marcos, New Braunfels, etc.) over going to cheap markets in the Midwest.
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15 April 2024 | 12 replies
Having said that, with high rates and the macro economy in a state of flux, wanted some guidance.2.
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16 April 2024 | 0 replies
Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)
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16 April 2024 | 2 replies
The rate is about 5.25% or similar for 5 years.
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17 April 2024 | 16 replies
They are cheap, good networking, and they will tell you who the good "investor" contractors are, those that don't charge retail for repairs because they work exclusively with investor properties.
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16 April 2024 | 6 replies
Parks get shuttered and sold for new development when park owners fail to keep rents ahead of inflation and competing CAP rates and other uses become more lucrative.