Posted on 03/02/2024 4:15:16 AM PST by where's_the_Outrage?
Could be an old home too. I personally bucket the HOA fees separate from maintenance unless its the rare one-time HOA fee for a specific project. If using it at as Airbnb and/or VRBO rental, would certainly increase the maintenance vs a long-term tenant.
We started our business in ‘78 during the Carter years, when interest rates were up to 14%. instead of borrowing from a bank our supplier sold up equipment on time. We got a very good contact that actually paid on the agreed time so we could pay off our equipment way ahead of time. During this time the banks wouldn’t loan us money on accounts receivable. After we made several large deposits to our account the banker asked us for a meeting where he pitched us on borrowing money to build our credit. We never did and built our credit by paying for our supplies when we got them.
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