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First timer here! take it easy on me.
I have 4 tenants paying well below fair market rent. Current rents are 1300/1100/1100/1150. Fair market is 1800. My state laws do not put a limit on increase amount or frequen...
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I just got an email that my homeowners insurance will be increasing from $1,067 to $1,447 for the year. I'm deciding if I should shop around or does this seem pretty inline with other companies?
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The standard for raising rent varies depending on local laws, regulations, and rental agreements. However, there are some general guidelines and considerations that landlords typically follow:Check local laws: Diffe...
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just bought a property, inherited a tenant. very nice property, side by side. 1bd 1ba. she has been there for over 10+ years, maybe 15. she pays $475. the lowest rent surrounding is $775. I want $850. mortgage is $1,2...
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Not sure this is the correct forum for this type of question but I have three questions:1. What defines a real estate market? Is it defined by the prices of houses sold? Is it the assessed value of the houses collecti...
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Hi BP! I'm looking to purchase a commercial multifamily property on the south side of Chicago, buying cash for $100k with a HELOC. The property is in good condition, cash-flowing..fully occupied. Buying this low with ...
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Dear all,
This is my first rental, so relatively a newbie here. A duplex in Jacksonville in a C-class neighborhood. Rentals in that neighborhood average $450 - $630 for similar 2-bedrooms. When I purchased the proper...
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Hello all,
I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a ...
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I am looking for my first deal. I have found a property I really like, but rents are significantly below market. I have heard that once the lease is up I can only raise rents 10%, but I cannot find this anywhere. D...
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We have a traditional loan recently refinanced.The mortgage is greater than the market value.What steps can we take to reverse this order?