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In July 2014 I bought a 200+ unit deal in Dallas, TX for $6 million and at closing the property appraised at $7.4 million.The deal was off-market and I located by doing a strategic direct mail campaign.This was a toug...
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Hey everybody, I'm happy to have found and joined this community! Im 20 I moved here last March from New Hampshire, hoping to get involved in the green rush. Things are awesome up here, living right on the coast here...
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Today I close on my first property. Yay! A two family here in Massachusetts. Tenants are paying way below market rent. How do I go about increasing rent if is already the end of the month? They don’t have a lease in p...
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I've been working with LoanDepot on a cash out refi for one of our rentals (a duplex). I've locked in the rate, paid for the appraisal (which was completed today), paid for my credit check and submitted all the paper...
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After 15 years of experience in property management in Orlando and Central Florida our team has settled on the following conclusion:
There are two types of investors and two types of property management companies, ...
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How does do it typically take to get your appraisal back and how did you respond to it if it was unfavorable(more than 10% off a private appraiser)?Context, I got a private appraisal(favorable) and it was back within ...
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Tenants left the washer valves on when moving out causing serious damage when Water Authority turned the water back on.
1) Tenants disconnected the water a week before the move-out date without informing my PM. The ...
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I am working on closing on my first rental property in Florida. I've run all the numbers and everything seemed to be going well. The property management company I was going to be working with just sent me a contract t...
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Me and a partner are looking to get into apartments, but there is something I’ve been struggling with understanding. I understand that all of the money is made in the purchase, but often with apartments we would be wo...
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Hi, We have purchased 2 rental properties in Illinois and have put 25% down on each. Where can we borrow money and lower our down payment? We want to continue to purchase but at this rate it will be difficult. Than...