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7 February 2024 | 13 replies
You could still get the tax deductions...rents will likely go up, interest rates will likely stay flat or decrease slightly, Austin has a great outlook long-term.
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7 February 2024 | 12 replies
I’m not sure I’m allowed to say the name on here.
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6 February 2024 | 4 replies
Everyone takes pictures of everything nowadays, we all have phones in our hands constantly, so I don't believe they don't have pictures.Your Contractor is right in not re-pouring the driveway while it is so cold, so I would believe his story.I would stick to your generous offer to deduct a few bucks off of the rent (maybe $100) for their troubles and then tell them to go pound sand.
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7 February 2024 | 9 replies
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8 February 2024 | 6 replies
Starting wholesaling first see if your state allows it.
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7 February 2024 | 8 replies
@Josh Hall In my area we are allowed by code to replace the first outlet on the run in each room with a GFCI outlet and then the remaining 2 prong outlets are all covered by that ground.
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7 February 2024 | 4 replies
Am I allowed to increase rent more than 3% when I buy the duplex?
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7 February 2024 | 19 replies
Your contract Must allow them to do this though or it is a violation of state real estate laws.
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7 February 2024 | 2 replies
So the above, is directly in response to your question/strategy BUT, I would certainly consider NOT SELLING THE LOT NEXT DOOR... especially since you said you're seeking 'additional cash-flow' -- if you sell, it won't be recurring cash-flow instead it will be a one-time infusion of cash into your bank account and then its done AND you won't have much control on what happens next door aside from what restrictions you have placed in the deed... why not instead of selling consider... offering it as a 'ground lease' whereas, the person seeking the lot is allowed to build on the lot but then will pay you rent for the use of the land... this would be similar to some commercial agreements or even mobile homes where the tenant owns the structure but you own the land on which it sits on.. it's also quite similar to how McDonalds and some other franchise businesses operate it's how they are able to ensure that the properties being built are built and operated in accordance with their vision, if a tenant does not build it or operate it 'correctly' then the Landlord will have leverage in ensuring that it is rectfied... because after all you do still own the land and may terminate lease if the terms are violated.
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7 February 2024 | 10 replies
Buying a property not rent ready allows you to get these at a discount, sometimes a significant discount.