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7 October 2024 | 4 replies
Calculate potential rental income, expenses, and any projected appreciation to see how each option would impact your overall portfolio.
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7 October 2024 | 2 replies
Your story emphasizes the importance of not overleveraging and making calculated moves, which has clearly paid off for you.Congrats on your success so far, and best of luck with your future investments!
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5 October 2024 | 2 replies
Calculate Total Basis for Person C at Sale:• Basis: $166,6672.
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5 October 2024 | 15 replies
That data looks like it is coming from a PMS so you could need to know how that is being calculated inside PMS.
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7 October 2024 | 5 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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8 October 2024 | 11 replies
I am sorry, but I would run from that syndicatorIt sounds like you lost $13,000 from this investment or at least this property calculated as follows($50,000) + $5,000 + $32,000 = $13,000On top of that, he may have increased your overall tax burden by doing a cost segregation in year 1...
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7 October 2024 | 7 replies
Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).
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11 October 2024 | 30 replies
She has written the STR book for BiggerPockets in the bookstore, which has amazing information.Our BiggerPockets STR calculator can help see what expenses may come and quickly pencil out deals.
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5 October 2024 | 14 replies
That's something he would have to keep up to date each year to calculate the amount of depreciation to claim on Schedule E, correct?
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5 October 2024 | 1 reply
However, the impact of this method depends on how interest is calculated on your loan (e.g., daily vs. monthly compounding).Bi-Weekly Payments: Paying bi-weekly effectively means you're making one extra payment each year (26 half-payments vs. 12 full payments).