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13 January 2025 | 5 replies
The problem with using credit card funding is it destroys your DTI and thus lowers your credit score.
8 February 2025 | 89 replies
So I agree that a private law suit may not be financially worth it for someone that invested a lower amount of capital, but we can see that there are people that have already posted on BP that they invested huge amounts like $850,000 for one person, and >$1M for another.
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1 January 2025 | 4 replies
The value of the property and how it’s distributed relative to ownership stakes will determine whether it counts as a taxable event, I believe(I’m not a CPA or attorney).
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11 January 2025 | 7 replies
So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.
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9 January 2025 | 15 replies
That means their pricing tool is designed to price beneath the rest of the market, which drags the entire market down, especially when combined with their algorithm changes a couple years ago that made pricing (IE lower prices) the #1 factor in ranking.Even if you use an external pricing tool, it gets dragged down by the people using Airbnb's pricing.
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9 January 2025 | 5 replies
You can theoretically have a higher rate from one lender with lower origination fees and total finance charges may come in lower.
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27 December 2024 | 18 replies
If you do so - 100% of the cash converted is taxable.
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8 January 2025 | 7 replies
I can do that through charging points, but since I'm getting it at a lower rate than you could as a consumer, I prefer to mark up the rate while still being lower than most others in the market.
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12 January 2025 | 8 replies
@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.
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14 January 2025 | 9 replies
I would also target ones that are ideal for renting out when you move out so maybe do a lower price point.