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Hello All, I've read that if you do your own property management, the number recommendation is to not reveal that you are the owner. (I'm planning to Owner Occupy a duplex as my first real estate investment purchase.)...
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Dear Community,
I recently purchased a house at auction in Tacoma, WA. The property includes a small house with a detached garage, offering significant potential. However, a challenging situation has arisen: the prev...
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Hi Fellows,i have a new tenant, she works for adult care facility. From day one she is trying to trying to make up things to get free rent by giving empty threats. Following is sequence of events:1. Tenant moved in 68...
Hi all, I recently purchased a duplex in Memphis, TN that was occupied. This duplex is in a good neighborhood near Rhodes college. Rents are below market due to long term tenants being in place, and both leases expire...
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I would like to renew my current tenant's lease, but after doing a yearly inspection there were a few things that I was not happy about. (This is the first time I am a landlord and it was not by choice, so I apologize...
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It is now day 90 of me trying to buy my first investment property. I'm so FRUSTRATED with my mortgage company I just needed to vent and hopefully someone can tell me to just hang in there and it will be alright.
The ...
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Hi all,I bought a 4-plex a couple of weeks ago. Three of the four furnaces are 25+ years old, and three of the four water heaters are super old as well (18, 24, and 25 years). It's in a rough but rapidly gentrifying n...
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I am about to close on my first rental using the BRRRR strategy. We (my son and I) will be doing most of the work ourselves including roofing, siding, gutters, windows, new floors, kitchen, bath, and paint. No major f...
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As far as the "50% Rule" goes.
When you evaluate a property and you say 50% of the monthly gross rents should be figured for expenses prior to servicing any debt, does this vary much if you are going with new constru...
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Hey guys, I am closing a property near one of the best bike trails in the country and this property has a huge ass abandoned garage.I see a serious potential for turning this garage into a bike shop and renting bicycl...