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13 November 2024 | 4 replies
Is this accurate, if a property is owned by investors and constantly being sold and bought that's a warning sign?
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15 November 2024 | 3 replies
You cannot afford to waste time.Just make sure your numbers are accurate otherwise you can create a bad rep among real investors.
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15 November 2024 | 4 replies
I was wondering what's everyone's process when maintenance or repairs needs to be performed in the rental property.
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14 November 2024 | 1 reply
I asked Gemini and it pumped out some responses, but I know literally nothing about this so I have no clue how accurate it is and it definitely also recommends consulting with a lawyer and other experts in this arena.
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7 November 2024 | 0 replies
Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.
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7 November 2024 | 0 replies
Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.
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7 November 2024 | 0 replies
After minor renovations to enhance its appeal, it has consistently performed well on the short-term rental market, particularly on Airbnb, where it maintains a high 90% occupancy rate.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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13 November 2024 | 15 replies
Underwriting will assess the performance and appraisal of the property based on traditional long-term rental comps.
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16 November 2024 | 12 replies
And a little skepticism that the market would continue to grow at 5% or more on average (it's been ~7% average for the 8 years I've lived here)@Dave Foster I filled out the BP spreadsheet here for the sell or rent decision, and similar to you advice, selling and investing the profits in index funds performs only slightly below being a DIY landlord, making that seem an attractive option.