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8 October 2024 | 15 replies
But we have a lot of interaction with guests before they ever arrive - we require a photo ID of whomever has booked our house (and the name and info has to match the booking info), a working cell phone number that we will send a test message to by text to confirm it belongs to the guest (or is at least in their possession), and we converse with them to let them know what to expect from us (and if we have any specific concerns we share those as well) - for example, this week if we had anyone scheduled to arrive we would be discussing the incoming hurricane.
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7 October 2024 | 190 replies
If I were to buy anything once my reserves are where I want them, it would be gold to hedge against inflation, which we are already seeing in food.
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7 October 2024 | 6 replies
Typically speaking, 20-25% down would require at least $2.6 million for the down payment + closing costs and reserves.
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5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
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10 October 2024 | 13 replies
If you have a solid reserve and lose a bit of money (like about 2000) still it would be worth to get the experience and network with first flip.. or first flip see if you can do a joint venture with a successful and very experienced investor or flipper
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8 October 2024 | 22 replies
Property access instructions: Provide the guest with detailed access instructions in either your Welcome Guide, listing description, Reservation Manager or through the Vrbo messaging platform(For example, include guidance in your listing description about picking up a key from the office upon check-in.)OrB.
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6 October 2024 | 3 replies
I’ve written letters on behalf of clients in similar positions to yours reserving the right to request the improvements be removed in the future.
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4 October 2024 | 8 replies
., To report losses from Hurricane Helene on tax returns, affected individuals should first confirm if the area is a federally declared disaster zone, as this allows for casualty loss deductions.
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4 October 2024 | 11 replies
However, some investors are comfortable with this approach, especially if they prefer to limit their initial capital and plan to refinance a few years after purchase—particularly as discussions about the Federal Reserve lowering interest rates into 2025 continue.Ultimately, successful investing hinges on selecting a growing market, a desirable neighborhood, and assembling a strong support team.
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4 October 2024 | 4 replies
They may receive November rent depending on how quickly you get the paperwork filed.I would get in touch with someone at HUD immediately and confirm.