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27 June 2018 | 1 reply
Again, a rental agent will be helpful in knowing current prices, paying a half or full fee to get them to screen and place a tenant would have the additional benefit of having this conversation with them to gauge your market.Ultimately since you have some flexibility of schedule and funds I would say do your first live-in upgrade from existing funds and get the other units rented closer to full market rate.
23 June 2018 | 8 replies
Airbnb is basicly operating a hotel out of your property and will come with additional issues for you.
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25 June 2018 | 6 replies
These are professionals with additional training and a stricter code of ethics.
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29 June 2018 | 21 replies
Tax liens as you get farther out east are more complicated than West coast tax liens that are fairly easy to understand and cut and dry.my sense of this is you have the right to pay the tax's and add it to your note balance.. just like if they did not pay insurance..I suspect you do have a Alienation clause in your mortgage as its pretty standard verbiage in most.but you have multiple events of default going on here.. so you can start at anytime I would thinklastly I think at least in many east coast states or counties to clear title they need a court action.. and at that time you would also be notified and be able as the lender to cure..
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12 July 2018 | 4 replies
I've also met with a developer who said he looks to "double" on every deal - meaning he is spending 200k for land/permits/materials/labor and targets a 400K sales priceIn my area, 4 units+ is the trigger point for all sorts of additional complicated planning reviews and requirements, curbs/gutters, traffic studies, environmental reviews, etc...
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23 June 2018 | 2 replies
We probably need an additional 2-3 months in order to finish project and close on a deal to pay off the loan.Thanks very much for any insights!
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25 June 2018 | 7 replies
This house makes money not as a simple flip, but needs a full gut, and probably a second floor addition.
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24 June 2018 | 6 replies
It appeared he may have dug to close to the house as the floor now has a small slope in the direction where the digging took place, additionally some separation of the flooring, and a door out of plumb(will shut but wont lock completely).
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25 June 2018 | 2 replies
Additionally, there are some grant programs to cover the initial cost.
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25 June 2018 | 6 replies
Unlike Quickbooks, it is a full-fledged property managment tool in addition to accounting software.