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I was thinking . . . I'm planning on saving all my extra income to put a down payment on a rental property in the near future. (And I have never been a homeowner.) I realize that it will likely need repairs and imp...
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We were in the process of refinancing a hard money loan on a property, looks like we are about to be declined because we only have about 10k we can show right now. The big problem is that between this and another hom...
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Experienced flippers who have weathered a recession well: how much is “enough” when it comes to cash reserves? I see 6 months as a rule of thumb. Is that accurate? I’m assuming that this includes salary to self + c...
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How much cash do you recommend having in reserve for rental (SFH converted to a duplex)? The house is old, 1916. The roof is new, and the furnace & AC is 2011.
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In light of recent events such as Silicon Valley Bank's collapse, some economists are now calling for the U.S. Federal Reserve to pause interest rate hikes or even cut rates to relieve stress on banks. However, with i...
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Any FL or Miami experts out there? What is the condo market like these days for the $500K budget?
What s your take on the new mandatory condo HOA reserves requirement and also the insanely high insurance cost these...
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-first time home buyer, looking to buy in Medium sized Metro area, 2-4unit property to live in one and house hack, then move out after 1-2 years.(Question)How much I should aim for in reserves for a house hack after m...
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Not counting COVID of course.
Does anyone have a story of cutting it close? I've been fairly lucky myself. My expenses and vacancies are spread throughout the years.
I don't want to get cocky though.
Thanks!
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I am just starting out in my hunt for my first property. I live in the suburbs of Portland, OR.On most properties I'm seeing, if I put 20% down, most, if not all, of these properties are negative cashflow in the amoun...
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Let me start by saying I am all in on RE. I have an MBA, spent years learning about RE before I pulled the trigger. And when I did, I bought 5 houses worth over $1M in 18 months with only $100K of my own money. So I f...