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8 November 2024 | 19 replies
I accept them and mitigate the risk by (a) screening the animals, (b) having a solid set of rules that are quickly and fairly enforced, (c) regular inspections, especially for cat units, and (d) charging a monthly pet fee.Let's say I have five single-family homes.
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7 November 2024 | 3 replies
The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity.
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12 November 2024 | 18 replies
I could sell my entire portfolio of 28 doors and pull the leverage lever OR I could sell this 14 unit and pay for something in all cash and do a lazy 1031 exchange, or do a regular 1031 which puts more pressure on the time frame.
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10 November 2024 | 5 replies
The renos are usually around 100k when it costs about 5k to buy just for reference, but they come in all shapes and prices.
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8 November 2024 | 38 replies
I am not sure I've ever seen where the tax writeoffs are different for STRs than they are for MTR's or LTR's in terms of writing losses off against your regular income.
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9 November 2024 | 1 reply
Here is a reference that explains:https://www.nolo.com/legal-encyclopedia/intestate-succession...2.
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13 November 2024 | 22 replies
As you said you are currently still employed there, so you can't do it right away until you leave employment there.Second, once you've rolled over, you can setup your SDIRA as a regular account (where fund release has to go via your custodian) or setup a LLC checkbook option, where you can write out a check for your choice of investments.Yes you will have full control over the use of funds in your rolled over SDIRA.
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11 November 2024 | 7 replies
This is especially true if the CC&Rs do not explicitly mention short-term rentals1.Bed and Breakfast Clause: The mention of “bed and breakfast” typically refers to properties that operate similarly to a commercial establishment, offering lodging and meals.
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13 November 2024 | 66 replies
My student loan payments are $0, but the regular VA lender I've been working with told me they have to factor as if I'm paying $820/mo!
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6 November 2024 | 2 replies
However, termites can be persistent, so a regular maintenance plan could add peace of mind and prevent future damage.For example, your pest control company’s plan charges $995 upfront for termites and $22 per month for ongoing treatment.