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I finally took the plunge and purchased my first property last month and now I have the fever! LOL. I am now zeroing in on short term rentals. Specifically in Galena, IL which from first glance seems to have the abil...
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Hey everybody! I purchased my first flip house back in August of 2016. I held this house way longer than I anticipated due to a full time job, other side businesses, and life being really busy! I contracted out 75% of...
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Good morning folks! I'm starting a rehab journal to assist those new to rehabs and give them a bird's eye view of the rehab process from A to Z. We've been in business (collectively) for over 20 years so we've learne...
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My awful tenants in Hawaii have had a last-minute drama. Over the past 4 months they have incurred numerous HOA violations, the police breaking up fights about 2-3 times a week, flooding of my kitchen causing $6,000 o...
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Picked up a four-plex for my first hold. It's pretty rough, C neighborhood at best. Two lower units wrecked, one vacant one occupied. Two upper units are perfect with great tenants.
So, tenants in unit 1 are selling...
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I am taking over management of my property beginning July 13 - reading "The Book on Managing Rental Properties now. Current property management company has no response to my alarm upon seeing that new tenants have cho...
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Disclaimer - I type out the notes as I go, on my iPad. Grammar mistakes highly likely.Real Estate LoopholesWritten by Kennedy and SuttonPart One: Being Smart You need to learn to OPEN tax loopholes for yourself and CL...
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Hey BP,
To those that are seasoned in buying vacation rentals as an investment, could you share your experience? How is deal analysis and financing conducted on vacation rentals?
Living in Hawaii, my relative liv...
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Hey BP! I just wanted to share my experience on my first flip in Phoenix, AZ! When I say this is my first flip, this isn't counting the previous live-in flips that I had previously done (which was fantastic for lear...
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Greetings BP,I have been running numbers and looking into renting a single rooms to college students vice entire homes to families. All the numbers I run lead to positive cash flow, but I’d love to hear from some inve...