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21 October 2024 | 7 replies
Hello everyone, I’m interested in hearing about which systems and technological tools you use as real estate investors as part of your work, and how you use them.
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25 October 2024 | 26 replies
I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here
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21 October 2024 | 9 replies
My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.
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21 October 2024 | 3 replies
However, bonus depreciation doesn't apply abroad; instead, the Alternative Depreciation System (ADS) with longer periods is used.The Short- Term Rental Loophole Explained (biggerpockets.com)
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22 October 2024 | 7 replies
Become great at systems and processes because that is really the only thing that makes investing work consistently.
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23 October 2024 | 15 replies
Whichever way you go, do your own taxes or get a CPA, make sure you have a good bookkeeping system for each rental and I'd recommend getting a business checking account - when I had my rental income and expenses mixed in with my personal account, it took a long time to sort through which was personal and business (rentals) with pages of bank statements.
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21 October 2024 | 13 replies
Legal system here only helps the wrong side!
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20 October 2024 | 9 replies
@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be.
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21 October 2024 | 59 replies
For example, one late night I could not log in -- perhaps system maintenance and it worked in the morning.
21 October 2024 | 1 reply
The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.