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12 September 2021 | 8 replies
So I have two different ideas how to get my next property and would like to hear people’s thoughts on both1 use a heloc on my primary residence for my down on one or two properties, using the brrr method.2 use current rental profit plus a little extra and save for the down which I believe will take me at least 4 years but probably 6-8 years accounting for unforeseen expenses.
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2 January 2022 | 2 replies
You dont find the guy that can help you not pay extra taxes after you have sold the thing that triggers them... that's like jumping out of a plane to find the parachute guy.
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12 September 2021 | 7 replies
IMHO extra extra time needs to be put into the DD and financial modeling phase given near term lower occupancy risk, continued covid in our env for years, and bad event contingency planning adding to costs (back up generators etc, relocation place some distance away)..Best of luck.
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8 September 2021 | 5 replies
If I raise my nightly rate $25, it would pay for itself in ~3yrs, assuming the higher price didn't hurt my occupancy and it didn't create tons of extra maintenance/utility bills.What is your experience with hot tubs?
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8 September 2021 | 16 replies
Buy a house here for 700K to 800K and rent out the basement and extra room on Airbnb and long-term tenancy.
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13 September 2021 | 5 replies
Their electric bill will not be that much higher than their current bill so the extra $20 would be a great way.
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7 September 2021 | 0 replies
I am leaning more towards a tri or quadplex (Fort Worth, TX) since I have been hearing it takes the same Property management skills as a duplex and generates cashflow every month besides the duplex would just be covering my rent, don't get me wrong I would absolutely love that just starting off as well... but would rather have the extra cashflow coming in to help put towards another property ASAP if at all possible.
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8 February 2022 | 117 replies
This way everyone wins-- you get the increase, it's on the lower side, and if the tenants get to pick the upgrade-- they will be happy knowing where the extra money is getting spent.
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10 September 2021 | 36 replies
Definitely not worth the extra work.
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7 September 2021 | 0 replies
I’d be saving an extra $700-$800 / month.