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18 January 2025 | 36 replies
The apt is on the 2nd floor and the furnace is in the attic.I will talk to the heating contractor about setting up a floor temp ( might involve installing a 2nd t-stat as a couple people suggested).
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3 January 2025 | 45 replies
I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.
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7 January 2025 | 16 replies
It takes more effort and there's more risk involved (therefor more reward), but it just depends on your goals and how you want to get there.As far as focusing on areas with high demand for travel nurses, that's just 1 tenant-type of many in a changing landscape.
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3 January 2025 | 5 replies
@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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11 January 2025 | 15 replies
Furthermore, this is a minor issue that shouldn't require your involvement at all.
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10 January 2025 | 13 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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27 December 2024 | 3 replies
For those of you that have good w2 income and want to take advantage of employer matching (100% return!), how do you tap into that money to scale your portfolios? The way I'm looking at it, if my spouse and I only do...
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5 January 2025 | 5 replies
In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.
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23 January 2025 | 45 replies
Definitely consult with your accountant on that.
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6 January 2025 | 0 replies
And then maybe I wouldn't even worry about the annual fee after a lifetime charge, but to shut down my account without any explanation.