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Hi, new Pro member and have a question about the rental property calculator. I'm trying to figure out what needs to be included in closing costs. I see a lot of people use a low % (2-3%) for closing costs but shouldn'...
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I live in California. My last LL kept $950 of my deposit for “damage”. We never had any initial walkthrough or property inspection. I never got receipts for the work either. Can he hold any of my deposit if there was...
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Hi everyone,I'm negotiating my first real estate deal currently. It's a two family home, 3,120 square feet, with three parking spaces located in East Orange, New Jersey and we have it under contract. There are current...
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Looking for some advise on what and how much is realistic to deduct from a renters security deposit for a few items below or am I being nit picky??? I do want to preface this... I inherited the tenant and I didnt do a...
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This subject has probably been discussed many times before. But, for the newbies or other less experienced rehabbers (than myself) here is my most recent experience.....
Lesson 1.
I depended upon the disclosed square ...
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“How To Manage & Mitigate Home Repairs For Investment Properties” by By Justin M. Bullock, Real Estate Developer, Investor, & Realtor®It is all too common where I see investors getting hit with additional expe...
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According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...
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Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
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Hi everyone,I just purchased my first fix-n-flip and am looking for some advice on saving $$$ and hassle.Scenario 1: Partner with a contractor (consists of 2 people) to save on building and split profits (split would...
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Hey BP,
I had a mobile welder come out and work on a staircase. They cut the steel handrail off and apparently left it near the staircase at the back of the property. They recently went back and called me to tell me ...