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26 January 2025 | 17 replies
Yes, you may lose out on income in the beginning when first trying STR out, but you'll never know until you try.
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13 January 2025 | 2 replies
It would depend on your income, location and price of the home.
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19 January 2025 | 10 replies
Does not affect your debt to income for future loans in the mortgage industry (auto loans could look different, but i would think similar so hopefully no worries there).
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12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!
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11 January 2025 | 49 replies
This is because they're much more expensive than other countries in the region and, unlike in some other countries in the region Costa Rica doesn't have the mass tourism needed to get you the rental income that would justify those prices.This being said, it shouldn't be hard for you to break even though since all you'd need to do for that is cover your costs.
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6 January 2025 | 0 replies
You can find us online.Current Ideas: Video Series on Passive Investing in MHC, Tax Benefits of MHC, Investing through 401k etc.
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17 January 2025 | 22 replies
I believe there are a few unconventional approaches that work best for OOS investors looking to perform BRRRR in Mid- to lower income communities. 1.
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15 January 2025 | 2 replies
My two cents: get a job and HUSTLE right out of school and create some income and save up some capital.
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18 January 2025 | 19 replies
They have a formula based on the property and its features as well as the tenant's income and expenses.
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5 January 2025 | 39 replies
Damon That's the rub with low income tenants.