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I am getting started in rental property investing as drawing my first set of lease agreements currently. Should I have my tenants pay all of the utilities? I know it would make the most sense to have them pay but I am...
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My wife and I purchased a rental property in 2018 for $153k. It currently rents for $1800/month and we enjoy the positive cash flow as well as the market appreciation (~$245k).We want to purchase our second property a...
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Little over 3 months in on my first yellow letter campaign targeting 65+ owner occupants and absentee owners. One deal so far off the absentee list, inherited property originally purchased in 2008. My lists target 4 ...
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I'm reading an article, Top 21 Real Estate Investing Terms and Returns with Formulas, on some basic terminology. The author goes over what operating expenses are and lists examples, and everything seems normal expect ...
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I am changing the heating system from oil to natural gas in my current flip. I budgeted for, and included, a new furnace in my original SOW. I'm now considering adding central a/c as part of that process. The home has...
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Part 2.
Detailed Due Diligence
Conduct in-depth due diligence, including background checks, reference calls, and site visits to assess the sponsor's operational capabilities. This is one of the most critical steps ...
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Quick QuestionAre you taxed on rental income aka the total rent you charge per month or are you taxed on the cashflow after mortgage, interest, insurance, HOA fees, utilities, fixtures, etc. etc. are all paid?Like if ...
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I bought a single family house with 5% down and am fixing it up while living in it with a friend. After renovating, I'd like to rent out the entire house. I can definitely manage to rent it for slightly more than all ...
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Hello, thought I’d come to this forum for some input/advice. I am due to close on a property that I plan to house hack tomorrow in Houston, TX by the Medical Center. My lender just hit me with a last minute update t...
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I have a duplex that just cost me $450 to get the sewer line cleared out from excessive use of wet wipes. The water backed up into the washers in the basement and i had to have the sewer line cleared and the water cle...