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2 November 2024 | 64 replies
Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.
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4 November 2024 | 12 replies
Again, it's really an attorney's question, and ideally the one licensed in both states.And, while talking to your attorneys, have them justify the need for an LLC.
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5 November 2024 | 34 replies
Again, I have no idea. that's a much more personal decision, and that is probably why Jonathan Greene asked for more information from you about your experience level, especially since you wrote "I am totally out of my league understanding the possibilities of an MTR".To be successful in the MTR space, I would recommend that any owner or operator strive to provide the best customer experience possible.
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8 November 2024 | 22 replies
Ideally, in the 20-40% range.
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31 October 2024 | 5 replies
It would be ideal to start here for a hands on approach, but honestly, if the deal is good, I'd take it in any profitable market.
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1 November 2024 | 7 replies
Compare that to what you are losing now which appears to be nothing except the inconvenience of a less than ideal payment pattern. 4.
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2 November 2024 | 10 replies
This creates a new issue because I deal with small notes under $75k in value and need to bundle them to meet a collateral lender's min loan amounts.A partial buyer will look unfavorably upon a hypothecated noteYou guys think there's any wiggle room here for negotiation or would this destroy the note's value from the note investor's perspective?
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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30 October 2024 | 6 replies
I am working on a product that will help small-medium size landlords launch and maintain Internet presence at a small monthly cost without spending big budget on custom development.It will include: SEO, custom domain, direct syncing with your property management software, syncing with QB.
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30 October 2024 | 4 replies
What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.