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3 October 2021 | 2 replies
This prompted me to ask my agent to verify that those parking spaces were included in the deal and she said yes after the talking to the owner's agent.The problem is that I received confirmation verbally and I have come to realize I never verified that it was in writing.The PM next door now wants those parking spaces for their tenant which will leave me with only 4 parking spaces for 4 units that are 2br/2bath.It realize I made a rookie mistake for not verifying this in writing so I am now evaluating cost and planning to expand parking space in our property but I wanted to know if you can share some of your wisdom and see if there are other ways to approach this situation.Thank you for reading.
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13 November 2021 | 6 replies
The biggest roadblock for me personally, is trying to evaluate properties and their potential rehab costs.
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6 October 2021 | 3 replies
I am evaluating a 30 unit apartment in Charleston, SC that is mostly month to month.
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13 October 2021 | 13 replies
You can also hire an appraiser to independently evaluate what the property is worth for a fee, usually several hundred dollars.
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4 October 2021 | 2 replies
I’d recommend working with an agent and a lender who both invest in real estate themselves as they’ll have a better idea what you’re looking to do and how to help and should be able to easily guide you through your first purchase.
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7 October 2021 | 6 replies
We can easily cover the mortgage with our W2 income and we anticipate we will cover the mortgage and then some with the STR income (it has a track record of this with current owners and also comparing data from surrounding comps).
27 October 2021 | 7 replies
I bet the 3 bedrooms get easily $1200 monthly all day long if not more depending on the condition and amenities.
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9 October 2021 | 3 replies
I'm trying to evaluate whether to build a new construction single family rental or sell the land.
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4 October 2021 | 1 reply
If you're evaluating an actual BRRRR you should have very, very specific numbers you're working with.With that said, you said "if you don't expect any."
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4 October 2021 | 1 reply
I believe your best bet is an LLC as you can create an operating agreement that specifically calls out dozens of potential scenarios, cash flow, refi, sales, death, etc which an attorney can help work through easily.