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13 January 2025 | 14 replies
Explore creative financing options like seller financing, partnerships, or the BRRRR strategy to maximize your resources.
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8 January 2025 | 8 replies
Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.
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23 January 2025 | 10 replies
My biggest concern is managing additional units and tenants.
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20 January 2025 | 7 replies
Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).
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25 January 2025 | 14 replies
Use extended closing periods or additional earnest to buy more time for your old property to sell if you need.The last option is what's called a reverse exchange.
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13 January 2025 | 7 replies
But a specialist could be helpful if you have unique situations, want to explore advanced strategies, or simply save time.Cost varies - some charge hourly, some a flat fee.I'd recommend checking the tax pro button on top of the page and scheduling a free consultation.
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18 January 2025 | 9 replies
Can you share some additional numbers about the investment property you're looking to buy?
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23 January 2025 | 11 replies
In addition to interest and repairs, you can deduct off a 27 year depreciation on the home.
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24 January 2025 | 10 replies
Not sure the cost of this for you but I feel with hot tub and fireplace you already have a lot of warming options and not get much additional revenue.
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25 January 2025 | 12 replies
Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....