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1 week ago | 
housingwire.com | Emile L'Eplattenier |Gina Baker
Some people seem like they were born lucky. On paper, at least, Tyler Whitman does too. He was picked to star in Bravo’s Million Dollar Listing, got in on the ground floor of brokerage startup Triplemint and had the boyish good looks necessary to become the media darling he is today. But Tyler Whitman wasn’t born lucky. Not even close. When he first landed in New York City from Alabama, he could only find work as a waiter and handing out flyers in Times Square.
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1 month ago | 
theclose.com | Aloun Khountham |Gina Baker
To ensure a property is a wise investment and free from costly surprises, you should hire a professional home inspector to complete a thorough evaluation. High-quality inspectors are detail-oriented and communicative, maintain the required licenses, and have experience inspecting buildings of your property type.
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1 month ago | 
theclose.com | Jealie Dacanay |Gina Baker
International real estate investing diversifies your investment portfolio, potentially earning you higher returns. However, it’s important to conduct thorough research and seek professional advice before making investment decisions—allowing you to make informed decisions and minimize the risks.
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1 month ago | 
theclose.com | Shannon Sharpe |Gina Baker
Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. However, it is possible to do it with the right legal and ethical knowledge. Since you own the property, you have the right to sell your property at any time, even with tenants still residing in the home. For a smooth sale, you will want to do all you can to minimize the impact on the tenant while maximizing your profitability during the sale.
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1 month ago | 
theclose.com | Shannon Sharpe |Gina Baker
A traditional 12-month lease comes to mind when people initially think of rentals. Conversely, a hotel or Airbnb is the primary choice when considering less lengthy stays, but it can be pricey if it’s more than a few nights. That’s why mid-term rentals have become an increasingly popular option for landlords to offer with their rental properties. I will take a look into mid-term rentals—what they are, who they are for, elements of a mid-term lease, and the advantages and disadvantages.
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1 month ago | 
theclose.com | Aloun Khountham |Gina Baker
The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. However, FSBO properties are financially attractive for investors expanding their real estate portfolio. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures.
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1 month ago | 
theclose.com | Aloun Khountham |Gina Baker
Return on equity (ROE) is an important metric used to evaluate the success of real estate investments and can be applied to commercial and residential properties. Whether you are a seasoned investor or just starting, understanding what return on equity is and using the return on equity formula are essential in gauging how well your money is working for you in the real estate market. Return on equity for real estate is a measure of the income returned on the equity invested in a property.
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Jan 16, 2025 | 
theclose.com | Julia Del Rosario |Gina Baker
Evicting a tenant will never be anyone’s favorite task and is one of the most challenging aspects of being a landlord. However, eviction is sometimes necessary to protect your property and avoid legal headaches. Whether it’s unpaid rent or property damage, knowing how to evict a tenant involves understanding eviction laws, processes, and effective communication. Let’s look at the proper steps to evict a tenant, how eviction works, and tips to safeguard yourself from bad tenants and scams.
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Jan 16, 2025 | 
theclose.com | Jealie Dacanay |Gina Baker
A security deposit return letter is vital for landlords because it shows the property’s condition when a tenant moves out, lists any deductions for damages, and acts as proof of the money return process. This letter helps avoid any fuss and clarifies things between landlords and tenants about what’s happening with the security deposit. Download the free security deposit return templates and collection receipts below and go through my guide to make the process seamless.
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Dec 5, 2024 | 
theclose.com | Julia Del Rosario |Gina Baker
Flipping houses is a worthwhile investment in the long run, but it’s necessary to figure out how much it’ll cost to ensure you’re profiting from your efforts. The average cost of flipping a house varies depending on the property location, type, and degree of the required renovations. To answer how much does it cost to flip a house, you’ll need to add four main costs: acquisition, renovation, carrying, and selling. I’ll walk you through flipping costs so you’ll feel confident about your budget.
