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2 weeks ago | 
theclose.com | Andrew Wan |Julia Del Rosario
Key takeawaysHouse hacking means living in a part of your home while renting out the rest to offset your housing costs. House hacking is a popular path to financial freedom, especially for first-time homebuyers or those in expensive markets. Popular house hacking methods include renting out extra bedrooms or living in one unit of a small multifamily property. Always remember to check local laws and run the numbers to ensure your plan is both legal and profitable.
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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 13, 2025 | 
theclose.com | Julia Del Rosario |Melanie Patterson
Performing a rental market analysis (RMA) is essential for understanding a property’s income potential. An RMA involves in-depth research on comparable rental properties—scrutinizing local amenities and calculating formulas that include average rental rates. This meticulous examination of data reveals whether a property is likely to generate positive or negative cash flow and aids in investment decisions.
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Dec 17, 2024 | 
theclose.com | Julia Del Rosario
When you’re a landlord, you need cold, hard proof that prospective tenants can pay rent on time. And that’s where proof of income for apartments comes in—it shows you whether a soon-to-be tenant is financially stable. Pay stubs, tax returns, and bank statements are the usual paperwork, but other sources exist to verify income. I’ll enumerate the top 10 proof of income documents, what to do when tenants can’t provide one, and how to dodge fake paperwork.
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Dec 12, 2024 | 
theclose.com | Julia Del Rosario
Probate leads are worth exploring if you want to expand your portfolio and score properties at excellent rates. But how do you actually find these leads? From digging into public records and attending auctions to relying on paid services—there are plenty of ways to get started. I’ll explore exactly what a probate lead is, the pros and cons of probate leads and properties, and how to find and purchase them. Before finding and buying probate leads, it’s essential to understand what they are.
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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.
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Nov 25, 2024 | 
theclose.com | Julia Del Rosario |Melanie Patterson
Looking for your next big investment? You’re on the right page! Buying multifamily real estate is a smart way to build cash flow and a solid investment portfolio in a single transaction. In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. By the end, you’ll be confident and ready to dive into the multifamily market.
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Nov 25, 2024 | 
theclose.com | Julia Del Rosario |Melanie Patterson
Finding the right tenants for your rental can sometimes feel overwhelming. However, the process is much easier with a well-crafted rental application form template. A rental application form allows landlords to examine potential tenants’ creditworthiness and capacity to make on-time rent payments. From questions about living circumstances to employment history and income, this form looks at the applicant’s background to give you an idea of whether or not to pursue this person as a potential tenant.
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Nov 13, 2024 | 
theclose.com | Julia Del Rosario |Gina Baker
Creating high-quality, attention-grabbing real estate videos is necessary if you want your website and content to stand out. But with so many video editing software options, it’s hard to pinpoint the best one. Whether you want to assemble your listing’s video walkthrough or introduce your agent services, I’ll help you pick the right software.
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Nov 12, 2024 | 
theclose.com | Julia Del Rosario |Gina Baker
From the vibrant city of Missoula to the rugged landscapes of Glacier National Park, there are plenty of reasons to consider a real estate career in Montana. But to connect Treasure State residents with the properties of their dreams, you’ll need to learn how to get your real estate license first. And that’s where I come in! I’ve put together the steps of how to become a real estate agent in Montana and the top five best real estate schools in MT.
