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6 February 2025 | 13 replies
Unlike long-term rentals, STRs can be treated as non-passive, allowing depreciation deductions, including bonus depreciation (40% in 2025) on eligible assets.For tiny homes, tax classification matters:If mobile, it is considered personal property, allowing 100% depreciation under §179, subject to income limits.
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24 February 2025 | 8 replies
I personally like radiators, especially steam because the heating system is simple!
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8 February 2025 | 12 replies
This could be a single person who has their brokers license or a larger brokerage like Keller Williams.
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17 February 2025 | 15 replies
It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick
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23 February 2025 | 10 replies
Further, if someone communicates the volume must be turned down or off, that person wins.
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12 February 2025 | 20 replies
When the deadline approaches you need a person to push it through in time.
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21 January 2025 | 3 replies
Most banks won't want to come in with a line of credit that is second lien on the property.
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10 February 2025 | 13 replies
That is a great post, and I'd love to follow up and see how things went for my own personal knowledge.
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22 February 2025 | 29 replies
I’m from Miami would love to start an Airbnb in Orlando I can not say from personal experience.
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17 February 2025 | 7 replies
I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.