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30 May 2021 | 25 replies
Are you looking to hold long term and defer as much expenses as possible, wait for cap rate to compress further, wait for inflation to carry rent higher, and are you actually decently positioned CF wise?
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22 May 2021 | 0 replies
The home was built in 2018 so the major items on the home A/C, roof, water heater all have more than enough life expectancy left. 11/month HOA, 4,000/month CDD.
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7 October 2021 | 22 replies
But you don't seem to know this, because it touches on the primary problem with this investment: you bought into an expensive, renovation-heavy project without knowing much about renovation, and cavalierly dismissing how difficult it to carry out and/or get others to carry out on-time, on-budget renovation at a level of building quality that doesn't decrease the value of an expensive old house.Best of luck to you and I sincerely hope you prove me wrong.
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27 May 2021 | 13 replies
Yes, aware of those items.
23 May 2021 | 4 replies
If I were a betting man, I would bet (based on the list you gave me of items to be rehabbed, the actual rehab amount will be somewhere "far" north of that $200k number.Next, what the property, or any property was first listed for means nothing...less than nothing.
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31 May 2021 | 12 replies
This nonsense where some “investor” who 75% of the time doesn’t even live in the same city or even state can swoop in and buy up all this property and carry ten mortgages while most of my generation can’t even get approved for one mortgage and are paying so much in rent to out of state and foreign landlords who hoard all the houses we might want needs to be curbed.
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26 May 2021 | 11 replies
As for having the company first, if you want to finance everything together including your SFRs I’d wait, otherwise if you plan to make a purchase within the next few months, then yes get it open and have one less item on the list.Best deals I am seeing are heavy renovations.Example 22 unit: buy $607, Fix $500, ARV $2mmRefinance $1.4mm :)
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25 May 2021 | 5 replies
You typically have to give notice by certified mail, publish notice in a paper, and then can auction the items off.
24 May 2021 | 2 replies
What @Nathan G. said.If you still want to do a multi-year lease, create an addendum that spells out the rent increases for each year and any other items you require.
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27 May 2021 | 28 replies
I am learning the hard way that I needed to provide an itemized statement of what I was to keep from the deposit and that it needed to be done within 30 days of vacating.