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13 November 2024 | 18 replies
The goal here is to reduce liability.Consult an Attorney for Liability Options: An attorney could advise on setting up an umbrella insurance policy to add an extra layer of liability protection.
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13 November 2024 | 12 replies
BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!
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12 November 2024 | 6 replies
Since I'm on an H1-B visa, I'm only allowed to earn passive income.
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13 November 2024 | 8 replies
In my market they keep reducing parking requirements while removing public parking.
13 November 2024 | 8 replies
You can offer options like reduced rent during disruptive repairs instead of relocation; simply as a courtesy, but absolutely not required.
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11 November 2024 | 9 replies
You will quickly learn the ropes, earn a good paycheck, and determine whether this is a career path you want to pursue.
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14 November 2024 | 15 replies
In my opinion, I would just plan to reduce your living expenses so you can save up more for your next deal, it doesn't necessarily have to cash flow for it to be a good deal
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14 November 2024 | 30 replies
I found this on their web site:Our company Tax Alchemy provides tax planning and implementation services as a flat rate fee based on the tax strategies needed to reduce your tax bill.
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12 November 2024 | 7 replies
This is where good tax planning really pays off—not only can it help you maximize these benefits and reduce your tax bill, but it can also help determine if paying for cost segregation is even worth it for your individual tax situation.
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15 November 2024 | 15 replies
I just add the spreadsheet we use as a sample to see if this makes sense....Would love to hear your opinions on how much money are we making for everyone else, before we make 20kI would search out for another deal, reduce the rehab (get multiple quotes) or for example I am doing a flip right now we took out redoing all the windows which saves us about 8K...