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We have a property in Huntsville, Alabama that we purchased three years ago. It's cash flowing well and has enough equity to refinance and pull our roughly 14.2k for about 4k in closing costs(the breakdown of expenses...
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I'm wanting to purchase my first rental property as being a 3plex or 4plex but I notice the mortgage may be 60%-75% of my income. i know most places would deny this but, there's some properties that'll say that there'...
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Hello all! My name is Joshua Saunders and I am completely new to investing in real estate. Well... somewhat new. My mom did it for a little while, so I've read some books and stuff and understand the general concep...
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My list of properties has more than doubled this year. I was tracking expenses with excel spreadsheets. I am hiring a CPA to do taxes this year. He recommends getting quickbooks. Is it worth the monthly fee, time sett...
I read quite a bit that it is better to leave a unit empty then to fill it by lowering your standards.
The economics would suggest otherwise. An empty unit equates to an 8+% drop in yearly rent for each month empty,...
I recently moved to Memphis, TN and I'm renting a house for the first time. Three weeks ago I discovered a gas leak and my gas was shut off. Due to extreme cold weather, my water was also turned off so the pipes would...
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I am a rehabber who tries to stay in the first time home buyers price range around 99,000 to 145,000 sell price. I came across a property I could not resist. It is a 3000 sqft house on a canal that leads out to an ope...
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Looking for some advice here.A person I know (Becket, Swedesboro, NJ area) lost a job 1-2 years ago and was out of work a pretty long time. He finally got another job but it pays considerably less than his first. He...
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When approving new tenants I do my best to screen out people who will not take good care of my property, in addition to screening for income, etc. My single-family home properties are not high-end but neither are t...
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I have a situation where I have a person who just wants to get out of their home and I can take over the payments, how do I start this process and what paperwork do I use?