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We've been renovating a house that has extensive termite damage (not recent) and I'm working under the house replacing sections of joists that have been eaten up. Got a phone call today from a woman who is looking...
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I am looking to buy my second property, but this one is initially just to serve as a primary residence with my family. I will rent out my current property that I know can yield positive cashflow (I have done it before...
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My husband and I bought a bed and breakfast in June for $285k that was being run as a commercial property. We have not and will not renew any commercial licensing. There is a main home (built in 1901, 3/2.5, 1500 sf i...
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Hi all,
I hope your week is going well (halfway to the weekend)! I'm curious if anyone could share any literature (or podcasts) concerning how to manage a rental portfolio long-term. For more context, we are in our ...
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Morning All, we took over a 3 flat for management last week and it had frozen pipes the day we took it over. With the prior management company failing to keep electric in their name leading up to the turnover it resu...
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Might be a stupid question but - is Cash Flow Taxed? I've heard some people say that cash flow goes "straight to your pocket and it's all yours" and others say don't forget you pay taxes on it. Well, which one is it? ...
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September will be 2 years ago that I started this process. My first purchase was a house I learned that trying to use family to do the rehab is a bad idea. That process only took me about 2 months I know I'm slow my w...
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When guests book on Airbnb they get the property address right away. Is it the same on VRBO? My guest paid in full and her reservation starts July 21. She’s asking me for the address which I’ll tell her, of course, bu...
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Took 8 weeks; purchase price $55k; rehab $29k; closing/holding costs $3k. Total $87k.
Rent $1335.
taxes/insurance $275; loan repayment $375 (private loan at 6% interest only); loan was for $75k.
20% for maintenace,...
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Attention skeptical wannabe landlords who think there is NO WAY rental property expenses run 40-50% of income, or that rent minus PITI = cashflow. This post is for you:I always dread the first few hot days of summer....