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29 July 2021 | 3 replies
I found this very interesting article about Airbnb in Tucson that I thought it would be of interest to investors who are having intention to start their Airbnb business:Original Article Courtesy of Carol Ann Alaimo of tucson.comShort-term vacation rentals a multimillion-dollar industry in TucsonBusiness is booming in the land of sunshine and saguaros for those who rent to tourists through a popular online booking platform.Tucson property owners collectively took in more than $8 million from Airbnb rentals last year and demand continues to soar in the run-up to the city’s annual gem show.About 53,000 visitors stayed at local Airbnb properties in 2017, a 73 percent increase from the year prior when about 30,500 did so, said Laura Rillos, a spokeswoman for the San Francisco-based company.Total rental income for participating Tucson property owners jumped from $5.1 million in 2016 to $8.4 million last year, Rillos said.The short-term rental trend has been good for the local economy because it serves those who otherwise might not come, said Dan Gibson, a spokesman for Visit Tucson, the city’s tourism bureau.That’s especially true during peak periods when local hotels tend to sell out, such as during the gem show or homecoming weekend at the University of Arizona, he said.
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27 October 2018 | 2 replies
No....you typically sign a document at closing that says if any mistakes were made, that you will participate in the rectifying of that mistake.
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17 December 2018 | 32 replies
Thanks for participating @Roy N. !
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27 October 2018 | 9 replies
@Cody L.There are several thousand taxing authorities in Texas and a low percentage participate.
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30 October 2018 | 3 replies
Would you please describe a what you think is a C property to see if I can participate in the discussion.
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9 February 2019 | 27 replies
Listen to podcasts, read blogs, participate in the forums. #4 There are many successful investors here who hold properties in class D and class C neighborhoods.
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6 November 2018 | 72 replies
Since it is illegal to actively participate in real estate transactions without a RE license, in most (if not all states), many people do not want to be associated with any type of illegal trouble.For me, the answer to your issue is simple.
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6 November 2018 | 11 replies
I intentionally picked on from those who participate here on BP as I figured if they take the time to participate here, they will give *me* the time I need when I contact then too.
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13 November 2018 | 7 replies
Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe.
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28 November 2018 | 13 replies
You just have to find a bank or lender that participates.