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24 September 2024 | 15 replies
If you do fall within either, you are permitted to ask if an animal is a service animal, and (if it is not obvious) what task(s) it has been trained to perform.
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23 September 2024 | 10 replies
Highlighting the STR revenue potential, especially in a prime location, could attract investors looking for both income and future appreciation.Steps to take:Prepare a detailed financial breakdown of the property's current performance and future projections.Include comparables in the area to show both STR potential and anticipated appreciation.Offer flexibility in the buyout terms (e.g., structuring it as an installment plan if needed).If you can’t find an individual investor, you might look for a property management company or real estate investor group that specializes in STRs.
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25 September 2024 | 12 replies
If this is an investment property that's leased and performing, DSCR cashout is probably the simplest path.
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25 September 2024 | 18 replies
@Shyam Subramanyan Yes, you can perform a cost segregation study on your STR properties for the 2023 tax year, even for properties acquired in 2018, 2021, and 2022.
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24 September 2024 | 13 replies
An investor focused agent should also be able to help you determine what the future performance of a property looks like by producing you a nice proforma with budgets and projections.
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21 September 2024 | 7 replies
Good Evening BP members, I am looking to take equity out of a very strong performing long term rental.
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24 September 2024 | 12 replies
Yep, it's basically a dummy company, customer service is a black hole, and when I ask for someone to verify my claim that Stephanie told me I could get out of my contract due to lack of performance, they can't even tell me if she's still in charge.
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21 September 2024 | 14 replies
I would list it everywhere you can, but I would connect with a local high-performing agent, as they will be able to get the most out of it for you.
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22 September 2024 | 13 replies
However, not everyone has the income to qualify conventional, so the alternative route would be DSCR loan where the program doesn't look into your income, instead it evaluates based on the subject property rental performance based on the ratio system.