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5 November 2024 | 6 replies
This scarcity will drive both property prices and rents upward.Housing supply and demand dynamics are more determined by interest rates and state/local economics than by the president and Congress.SummaryWaiting for the election outcome won't give you an advantage.
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6 November 2024 | 22 replies
Just as with LTRs, management is a huge determinant of profitability.
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1 November 2024 | 17 replies
Lastly, when they did your appraisals, I assume they determined the market rent via a 1007?
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4 November 2024 | 26 replies
If there is at least 20% of an equity cushion, I think you're safe using the methods described above to determine an appropriate sales price.
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31 October 2024 | 3 replies
The biggest thing right now is to stop putting up mental blocks—you can achieve success as a mom of 3, but it’s crucial to push past the mindset of failure.
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1 November 2024 | 22 replies
Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”
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2 November 2024 | 2 replies
State/local are determined by your state of residence, not the state the property securing a loan you hold, or property you own is located in.
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2 November 2024 | 6 replies
I am the member of a single member LLC, where the LLC is on the title of a rental property, and trying to determine if it is exempt from AB1482, since the LLC does not have a corporation as a member, or if the LLC is binded by AB1482 just in virtue of being an LLC.Any help appreciated :)https://caanet.org/kb/exemption-from-ab-1482-addendum/
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7 November 2024 | 18 replies
Whether you choose to join a program like ours, hire a business coach, or work with a mentor, the key is to find the right support system that aligns with your goals.Real-World ExamplesTo get a better sense of what we offer and see some of the successful deals we’ve done with our partners, please visit my BiggerPockets profile.Final ThoughtIt’s crucial to weigh the benefits of paid programs against free resources and determine what works best for your personal situation.
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4 November 2024 | 10 replies
1) Rarely paying asking price or even "market price" for a property.2) Understanding how they may be able to reposition a poorly managed property for increased cashflow and value.3) Looking for creative financing, so they don't have to deal with a bank for a purchase loan.4) Understanding ROI, Cash-on-Cash, NOI, etc. and using those numbers to determine HOW MUCH they should offer on a property to meet their taget performance numbers.Funny, appropriate, recent interaction with a plumbing company.