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My boyfriend and I are looking to rent an apartment with a lease start in mid May in a competitive and expensive market ($2500+ for two bedrooms). We found a floor plan we like, but it is available now. Ideally we wou...
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My Gf and I just landed our first multi unit property under contract yesterday! It's a fourplex that brings in $3035. We made a deal at $307,500 for the property. Were going to use the VA loan benefit that we have to ...
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The real estate market in Greenville continues to be hot. With decreases in inventory and increases in population prices have continued to quickly rise in the city limits. Being from the area, i feel as though i am hy...
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I found a 6 unit that "supposedly" gross 40K. So I ask for the income and expense statements, not sure what they are called in the real world, and the agent says that owner managed the property himself for the last 10...
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I am in the process of looking interviewing property managers. In my initial email to one of them, I asked for what they charge and he said for single family houses, they charge 1 months rent per year.
I own three 4...
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I've recently heard that if an investor files loss in his investment property in filling his tax, it will effect his next mortgage by impacting on debt/income ratio. For example: If you earn $10000 from your rental pr...
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So, I love the Florida Keys, and when I lived on the mainland, we vacationed there yearly. Rental rates seem friendly, but does anyone have the lowdown? How are vacancy rates? Can you cash-flow, or is a game of barely...
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Do you still use the 1% or 2% rule to evaluate investment properties? I will be looking for properties in capital region NY. Based on podcasts and zillow research, it seems that there are less properties that meet thi...
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Looking for some insight on my first investment property.Things to consider:Peak market. The property will likely not be more valuable that it is now.Intended purpose of the investment is for cashflow and long term ho...
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Investment Info:
Condo buy & hold investment in Colorado Spgs.
Purchase price: $215,000
Cash invested: $9,000
Two bed Two Bath Condo 15 minutes from Downtown and within 30 minutes of 3 major mili...