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29 July 2024 | 13 replies
I have an investment property in an LLC acquired through a 1031 exchange.
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29 July 2024 | 9 replies
Hi Daria,Assuming you did a 1031 exchange, the flooring, as well as the rest of the property is depreciated normally (a little nuance, talk with a CPA for specifics).
31 July 2024 | 20 replies
Here are some quick tips to get more bookings:Make your title and description more fishing-focusedImprove your photos with better lighting or a pro photographerCheck prices of similar listings to stay competitiveOffer discounts for first guests in exchange for reviewsUse Airbnb's features like minimum stay and extra amenitiesHope that helps!
26 July 2024 | 5 replies
(The properties do qualify for like kind exchange.)Thanks for any help/input!
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30 July 2024 | 9 replies
Then, possibly you can outsource some responsibilities to a lead tenant in exchange for discounted rent?
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30 July 2024 | 19 replies
I sold the other property 18 months later and did a 1031 exchange to buy a nicer SFR.
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2 August 2024 | 39 replies
They basically stole $5000 from me in exchange for 5 "leads".
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29 July 2024 | 5 replies
Option 1: Keep the home and rent it and cash flow about $2,000 per month while it appreciates.Option 2: Sell the home and cash out.Option 3: 1031 exchange the home into 4-6 units in Knoxville which would be about the same value.More info: Riverside as you all know is a great appreciating market but not landlord-friendly being in CA.
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31 July 2024 | 27 replies
Yes, you either need to find someone who knows how to do title searches and maybe will do them on the side for lower $$ in exchange for the volume of them you'll bring OR learn to DIY them, but need to be darn sure you're DIY'ing your searches just right!!
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29 July 2024 | 6 replies
In that sale, the sellers were elderly, sick, uncollectible, and a hefty upfront payment in exchange for a sub 2 would have actually benefited them more than an outright sale (long story).