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24 March 2015 | 18 replies
I have also repaired almost everything in a home. i only avoid major electrical and plumbing.
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22 March 2015 | 3 replies
I just finished the book last week and it seemed to have different ideology than the majority of investors on the forum and other books I have read.
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15 May 2015 | 15 replies
General Rule of thumb to use for SFR, but can be a quick guide for what you're looking at..1% for A neighborhoods1.25% for B Neighborhoods1.5-2% for C Neighborhoods2+% for D Neighborhoods.Not sure of the exact location, but I would venture to say you're probably in the C range in Madison and the way she is charging tenants/ vacancies.As-is with vacancies I would estimate $390,000.Completely Occupied / No major deferred maintenance $590,000.I'm curious to see other peoples thoughts on this too..
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19 February 2016 | 5 replies
Very relevant as we all do our yearly tax rituals (whatever yours may be)...The Schedule E is not ideal, but for round peg expenses (that are legit "ordinary and necessary" expenses, and the IRS and tax courts have lots of info, be it regs, opinions, and decisions on that) that do not fit in their Schedule E round hole categories, I try good ole' Line 19 and I even write in a couple (be it condo dues or cell phone) that are major contributors to the category in the small space provided.
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28 March 2015 | 6 replies
I think investors are hungry for multi-family properties of all kinds for two major reasons.
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24 March 2015 | 16 replies
Vegas has been nothing near a smooth ride and even with the major push from the former Zappos CEO many of the startups he bought in seem to not be doing very well.
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23 March 2015 | 0 replies
Basically, I've had the initial conversation with them, asked about their houses condition, and the majority of these leads are folks who want retail for their house that's in need of extensive repairs.
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24 March 2015 | 14 replies
The house was built in the 70s and doesn't need any major repairs but could use some updating.
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18 June 2015 | 21 replies
My agent friend made money from buying properties for him but made very little from selling the units cause the majority didn't sell.3.
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7 April 2015 | 12 replies
As long as the property is performing, the vast majority of the time, you are better off doing regular maintenance vs. waiting for something to break / fail be a problem that could escalate to a crisis (nothing like a sewer line back up!).