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Hear me out... people keep talking about how they're making their own website, using direct booking software, etc. But 3 major potential negatives come to mind
1. No protection. If a guest damages something, or trash...
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As I'm readying myself to purchase my first property this year, I'd like to know if it is common and highly recommended to have a general contractor to accompany me during a walk through of a property of interest to h...
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My wife and I are seriously considering jumping into real estate, thus being on this website. I've started reading a bit and we're hoping to purchase a multifamily unit here in Chicago as a "house hack." One concern I...
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Hello BP,
I have advertised for lease on the shop window of one of my commercial units and yesterday I received a phone call from someone who told me that he has his own construction company so rehab s...
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So my tenants have not paid rent yet this month when due by the 3rd. I went by the house and the mailbox is completely full but there is still furniture in the house. Mail dated August 31st is still in there. Th...
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For those of you who've read Rich Dad Poor Dad, I have a question. Author Robert Kiyosaki advises to own assets, not liabilities. He says that buying your own house is a liability, since cash leaves your pocket each m...
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We purchased our first investment property this year, and are currently accepting applications. The property is on a 1/2 acre privacy fenced lot, so we are allowing pets as we figure with that large of a yard animal o...
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Hi Everyone,I am based out of San Fernando Valley in LA county. If anybody is else also near by would definitely be great to meet up or connect. I am looking for real estate meet up groups.Given that I live in SoCal, ...
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Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
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Hello All - I'm currently facing a challenging situation with one of my tenants and would appreciate some advice on how to handle it appropriately.
Background: The tenant in question has had their electricity discon...