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16 November 2024 | 6 replies
The cap rate around 8.5% (when the local average is 7-9%), I think this price point potentially strengthens the property’s cash flow appeal.All units are rented on 12-month leases, and the seller reported annual expenses around $22,075.
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18 November 2024 | 47 replies
It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”
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19 November 2024 | 19 replies
What's the average length of stay each guests book for?
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19 November 2024 | 19 replies
But, invest it in a mutual fund paying an average 8% return per year.
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16 November 2024 | 8 replies
Have multiple 4 units (B/C asset class) in different parts of city and we average about $100-$120 a month per building.Cheers,Art
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15 November 2024 | 1 reply
But I believe that if you're not violating any terms, not in a restricted industry or involved with anything deemed risky by Stripe then you're probably safe.It appears their move to Stripe is for accelerated payment processing, which is interesting since they acquired eRentPayment and Payment Report.On surface level it might be they're adding Stripe as an option on top of their existing infrastructure.
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18 November 2024 | 35 replies
We have them in every unit these days and only usually have to deal with maybe one or two every year or two, which averages out to units making it 10 or more years.
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14 November 2024 | 21 replies
I personally recommend looking into the Columbus OH market - good population growth, lots of job opportunities in a good mix of industries, and strong rental demand.
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15 November 2024 | 5 replies
It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.My Recommendation: Spreadsheets are usually fine for your first 1-3 properties. 3+ properties, you should use a software.
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13 November 2024 | 1 reply
To sell your cannabis-growing container, try listing on cannabis-specific marketplaces like 420 Property or Cannabis Stack, which cater to the industry.