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Newbie Here,Just got off the phone with an agent who says that in the state of Virginia it is required to have a signed "Exclusive Right to Represent Buyer Agreement" before he shows me any homes. Now I have no probl...
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I am currently looking for my first rehab project and had some questions on the accounting process. I am assuming that I will need to track the amount of money used for the repairs, holding costs, realtor fees, etc i...
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Guys, my business has grown to a point where I need some help. One of the positions that I want to fill is that of a project manager, who will, in fact, be a bit more than a typical project manager. How much do you ...
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I have been looking heavily into lease options, but I have seen some on here saying there could be legality issues. Apparently some laws were enacted on the federal level to restrict a person's ability to take advanta...
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My wife and I purchased a SFR rental for $200k. We put 20% down, only had some minor repairs before listing. PITI will be $1247/mo and will rent for $1700/mo. (I realize this is more down than most recommend, we just ...
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I have one property that I purchased in 2019 from a turnkey provider, so there were no expenses on my part other than getting the mortgage. The first tenant moved in in January, so there was no income in 2019.Is the d...
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Hiya all;We're closing on a property in the next few weeks and struggling with balancing the business and the human side of what we do. The property has tenants in place but are between $130-200 / mo under market at ...
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Hi everyone, so here’s the story. I played in the NFL for 8 years. While playing I always said that when I retired I wanted 10 properties and no debt. I was afraid that if I allowed debt to pile up while playing, and ...
My Husband and I own 3 houses and two of them are rentals. He wants me to put the rentals under an LLC. Now I know an LLC is to protect you in the event of being suid, but if we have good insurance polocies, does that...
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I want to hear the good experiences and bad on this one. Do you really win in the long run by lowering rent for a longer lease, or should you stick to the script of 12mo leases?
What are your thoughts on this?