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5 May 2020 | 1 reply
On the other hand, I have that fear in the back of my mind that something will go wrong and I won't have the experience to properly handle it.
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5 May 2020 | 4 replies
If you bend over backwards, you are setting the wrong precedent and they will call incessantly and have unrealistic expectations for the duration of their tenancy.
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7 May 2020 | 11 replies
You can't go wrong with buy and hold in any market conditions as long as it cash flows and you do proper tenant screening when filling the units.
7 May 2020 | 2 replies
Some people are just not cut out for properly screening and managing tenants.
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15 May 2020 | 26 replies
No 401k and IRA funds are just way easier to keep track of when invested in stocks, not to mention if you are doing RE properly you should have a minimal tax burden, so why would you use tax advantaged money to invest in it, assuming you want a diversified portfolio.
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11 May 2020 | 18 replies
That way, they have first hand knowledge of what needs to be done to properly manage their investments before putting it in the hands of a third party.
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11 May 2020 | 14 replies
Regarding the lot, if you plan to lease it out then yes you'll be responsible for making sure the connections (i.e. water, electricity, etc) are properly working and doing the upkeep.
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11 May 2020 | 4 replies
One is the duration of your investment; if you were telling me that you want to go in for a flip or a reno, I would have had a different approach, however, buying a home is a rather long-term investment.
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12 May 2020 | 4 replies
@Andy Wilson Forgot to add to my post to make sure you screen the tenants properly.
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15 May 2020 | 27 replies
Perhaps I'll take a more cautious approach to people who have a lot of debt even if they are managing it properly.2) Did you do anything to help them or check in with them genuinely about the impact COVID-19 had on them?