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27 March 2024 | 22 replies
I even paid over appraisal value on one personally that was a flipped home so the opposite of a “unicorn deal”.
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27 March 2024 | 4 replies
Even then there are some requirements.
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27 March 2024 | 1 reply
Unless you have a lot of money for a downpayment, it's highly unlikely you'll break even while living somewhere (especially in CA) unless you're willing to have a lot of roommates.
27 March 2024 | 2 replies
The one's that I have spoken with normally offer free consultations but won't honor it in this case and are demanding payment up front before they can even confirm whether or not they can do it.
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27 March 2024 | 6 replies
Even better is if you come to them with a personal financial statement, a debt schedule, and a business plan for the purchase (if you haven't identified a property, then what size, location, price you are looking for).
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27 March 2024 | 2 replies
The other 90% were not or even had not been on market in any recent past.
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27 March 2024 | 14 replies
PM's own the listing, so they won't even use your listing.
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27 March 2024 | 18 replies
Even if the contractor is out of money, borrowing the $3k to finish the job and get top dollar would seem the way to go.Nothing else is wrong with the house?
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27 March 2024 | 21 replies
Let's just imagine a scenario where you only have one property, and you don't use any PMSs or apps like Turno, for example.Cleaning and maintenance: 4 hours per weekRestocking supplies: 1 hour per weekResponding to inquiries and bookings: 2 hours per weekHandling guest concerns during stays: 1 hour per weekCreating and updating listings: 1 hour per weekManaging pricing: 1 hour per weekFinances and taxes: 2 hours per monthInspections and minor improvements: 4 hours per monthTotal estimated time per week: 12 hours, more or lessTotal estimated time per month: 26 hours, more or lessIf you do use pieces of software to automate your work, it can be even less.
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27 March 2024 | 2 replies
They even lowered their evaluation of the Property – by $25,000.