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16 August 2018 | 7 replies
I self-manage and because of the aggressive 15 year mortgage I take home just $450/mo which just goes into a savings account, so I don't split out repairs and vacancy.
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16 August 2018 | 3 replies
If I show the one in person and call the other on the phone is that ok to avoid any legal ramifications in the tenant search process?
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14 August 2018 | 1 reply
A couple things seems funky-1 - Why 6 months to repair if only 50k in renovations?
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15 August 2018 | 11 replies
Before doing the walk through my estimated repairs will include.
15 August 2018 | 6 replies
If so, then you can't deduct the mortgage interest, but you can deduct a portion of property tax.And you will have some other expenses such as Internet and maybe mobile phone costs - but you will need to separate out "personal use" vs. business use.
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10 September 2018 | 13 replies
Also you may wish to check out local investor groups such as Black Diamond REI in southern Mass and RIREIG in Rhode Island.Since you just bought your first property, I would recommend taking at least 6 months, 12 would be better, learning how to be a landlord of your first rental unit before acquiring another one.Learn about renting a unit out, tenant screening, collecting rent, repairs, capital improvements, handling moveouts, etc.
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17 August 2018 | 20 replies
So your minimum expenses, even with no repairs, capex or vacancy is $1500/month.So best case you are -$211/month cash flow if you don't experience any maintenance, capex or vacancy expenses with the commercial loan.To be fair, you are building WAY more equity with the shorter commercial loan.
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17 August 2018 | 17 replies
It usually takes multiple phone calls.
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14 August 2018 | 1 reply
What's the best/cheapest way to skip trace phone numbers from houses i find from driving for dollars?
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16 August 2018 | 19 replies
I see a few of these every month from wholesalers with a 100k+ spread but like @Brian Pulaski said, ARV is high and repair estimate is low.