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Hey all !So I am getting ready to close on a property that I will be purchasing furnished (washing machine, fridge, couch, etc.). I am curious as to how to go about depreciating these items, since they are not exactly...
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I was going to purchase my first rental property and I want to make sure I dont create a nightmare situation. These are my HELOC terms:
Assuming an appraised value of $225,000
1st
mortgage set up at $180,000 80%...
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The first guy on the show said he earned average for a financial guy in Boston and that he saved up 3.5 percent for a FHA loan on a $383000 triplex. Overall Boston income is around 60k.
I earn a bit more than averag...
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While monitoring foreclosures in my area here in Pennsylvania, there was one property I kept an eye on. ARV is around 90-100K. It was a Freddie Mac property listed on Homesteps. I watched it be reduced multiple tim...
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Hi all,
Hope this finds you all well.
Just wanting to get some opinions on Capex in condos vs STR. I'm looking at a bunch of condos in Melbourne, Australia and they typically have HOA which is in charge of roof...
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Hi BP community!Would like to get a prospective on how much your cleaning service charges after each guest stay. I am getting rates at $200 for a 4br/2ba 1300 sq ft detached house (maximum 8 guests). Thanks for the re...
It never cease to amaze me how screwed up this industry is sometimes so I would like to reach out to all BP members and reinforce that one's reputation is like fine china, once its broken, no matter how well you put i...
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I collect last month’s rent and security deposit when a new tenant moves in. How do most of you account for the receipt of this money? Right now I create a separate account in Quick Books for the deposit of each u...
What do you think?
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I've noticed that some of the soil is starting to wash out from underneath my patio slab. Obviously, my concern is that if this continues, the slab will settle and crack. How can I improve its support, seal it and p...