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16 July 2024 | 3 replies
Gas/Heat/Hot Water is included in the rental, when completing the proposed rent form could I ask for more rent money or should I stick to what the property is originally listed for?
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16 July 2024 | 3 replies
@Sydney Scherer, I'm sure a lot of people would recommend LVP or even tile as replacement flooring, but for rentals in kitchens especially I actually like peel & stick vinyl floors.
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16 July 2024 | 6 replies
The evictee will be in there giving great advice if anything doesn't work out...It's important that you document what you screening criteria are (a policy) and stick to it.
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16 July 2024 | 3 replies
Not saying that all wholesalers are bad, but having that barrier between you and the seller increases your risk and decreases your margin. 2) Stick to your numbers.
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15 July 2024 | 3 replies
I would probably stick to the surrounding suburbs.
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16 July 2024 | 0 replies
Not saying that all wholesalers are bad, but having that barrier between you and the seller increases your risk and decreases your margin. 2) Stick to your numbers.
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16 July 2024 | 5 replies
Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success
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15 July 2024 | 1 reply
The biggest lesson learned is to stick to your crystal clear criteria, don't rush it, ensure the tenant is qualified, and your chances of success are large!
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15 July 2024 | 10 replies
Usually the main sticking point is spending more than half your working time in real estate related activities.
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15 July 2024 | 11 replies
IMHO in order to secure the best terms, you'll want to stick with W-2 for the purchase.