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How does it make money? Cost of machine, repairs, water, gas, electricty is a lot. It increases property value? It sure helps the tenants. But bet it wonot help a lot for the rent increase.
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I have tried to make it a practice (recently) of giving something away whenever I have come into some unexpected cash. I realize that I could do (should do) more, but I guess you have to start somewhere.
A few times...
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Hi Everyone,My wife and I are looking to relocate (from Princeton Jct, NJ) to ease her commute. Her office is 2 blocks from Grand Central. We only recently moved our target to househacking a 2-4 family (initially we...
Hello all, long time reader first post.I've been looking for my first real estate property for a while, but now something came up within the family I'm considering. My grandma currently rents out a senior housing apar...
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My wife and I set our “New Years Resolutions” on our anniversary, July 25th, instead of New Years. New Years Eve is a pretty meaningless day, so we do it on a day that's actually important to us. One of my goals last ...
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I can buy direct from an owner a 3 family at 155K. Here are the rents, $800, $750, $550. All rents without utilities. Taxes $350 per month. Estimate on insurance $150 per month. Not sure about maintenance, snow, lawn...
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I have a tenant who was paying on time. Now the tenant paid late the last 5 out of 7 month. I charge about 10% late fee after the 5th of the month. and a flat rate fee each day after.
This month I still haven...
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Hi there. I may be selling a rental property in NJ and use the proceeds to buy 2 or more properties in another state. I was wondering if any of you have experience with using a 1031 and how it works. Who can the sell...
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So found a great investment house 34k purchase appraisal 115k. Problem is the home was owned by a hoarder who passed away in the home. Person was also not found for 12 days so body decayed inside the home. To add to ...
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hi, my tenant request for installing window screens(bug screen). Is this considered upgrade? Do I have to pay for it? The tenant is ok tenant. There are about 8-10 windows.Any thoughts or feedback are welcomed.Thanks.