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21 May 2024 | 2 replies
Add into the equation the cost of materials and it makes sense that builders are finding ways to cut overall build costs and one of those ways is to buy land cheaper.
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21 May 2024 | 0 replies
Long term rentals is not working and the turnaround for airbnb is costly we are now charging tenants for electricity they consume.
21 May 2024 | 10 replies
Perhaps hire a property manager to handle the phone calls and factor in the (depreciable) window, kitchen, HVAC costs?
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21 May 2024 | 4 replies
We live in a low cost of living college town.
20 May 2024 | 11 replies
Obviously down payment size effects equity, how much you’ll profit each month if the property is kept, how much you are able to pull out with a refinance etc.
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21 May 2024 | 3 replies
You'll want to consider full costs upfront and an architect + contractor team is helpful in that process.
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21 May 2024 | 1 reply
Why not buy it with private money, borrow enough for the purchase/repairs/carrying costs, and then refinance once the repairs are done?
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21 May 2024 | 8 replies
You should also set aside money as a reserve for vacancies, turnover costs, bad renters, or capital expenditures (roof, flooring, and other big expenses).
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19 May 2024 | 20 replies
He points out that if you are buying lots that don’t cost very much and you plan to sell them fast for not a huge markup, realtors won’t put a lot of time into it.
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21 May 2024 | 6 replies
That'll require you to determine how much the rehab will cost and pay that up front.