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17 November 2024 | 7 replies
Cost Segregation is a great tax planning tool.
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14 November 2024 | 5 replies
I remember when I was comparing tools.
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13 November 2024 | 18 replies
Helpful BRRRR Tips:To manage a remote BRRRR successfully, start by building a reliable local team and using project management tools like Trello to track progress.
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18 November 2024 | 14 replies
1031 exchanges are easily the most powerful tool we have in real estate.
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14 November 2024 | 21 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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16 November 2024 | 6 replies
Your mistakes, and the reason why you don't understand why there is a conflict, is because you don't understand the meaning behind these analysis tools.
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11 November 2024 | 3 replies
I’ve noticed that my confidence grows with every conversation I have with experienced real estate investors, and even more so each time I take a concrete step forward.I'm a strong advocate for personal growth and development, and it's great to see that you also view it as essential to success in investing.
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17 November 2024 | 9 replies
Cost Segregation is a great tax planning tool.
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13 November 2024 | 5 replies
I've come to the same conclusion for my properties when it comes to dynamic pricing tools.
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19 November 2024 | 14 replies
@Vanessa LuleEstimating Occupancy Rates: AirDNA is a great tool, but it can sometimes be hard to verify actual occupancy.Hidden Costs in Monthly Expenses: Besides rent, utilities, and cleaning supplies, don’t forget to budget for:- Maintenance and Repairs: Minor wear and tear costs add up, especially in short-term rentals.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).