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17 December 2024 | 20 replies
The 3rd thing that has reshaped my entire opinion of the tax advantages of real estate, is seeing my 88 grandfather holding five quite valuable illiquid properties, long story short it’s a mess, it’s causing family drama, he is in zero shape physically or mentally to manage them, the all have cap-ex needs, again these were amazing buy’s literally multiple properties he bought for under 50k that are now worth over a million but there is probably a time and a place for owning real estate, so I don’t really have a need to own more than maybe a few properties into retirement.
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6 December 2024 | 21 replies
As for short-term financing, they are fairly easy to work with but the biggest hurdle is their internal credit model.
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9 December 2024 | 38 replies
I bought 14 homes in a short period of time for gozone tax bene's those are the same as the benes that people search out for cost seg these days.. except they were much easier you did not need a cost seg report..
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7 December 2024 | 7 replies
Other than that not too much you can do, the only alternative post-closing would be to offer cash for keys for someone to move out quicker, but if it's short notice to vacate period like 15-30 days than it's probably cheaper to wait.
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10 December 2024 | 25 replies
So you must buy 3 bedroom or less and you can only rent out 2 of them. https://files.lasvegasnevada.gov/business-licensing/Short-Te...
7 December 2024 | 4 replies
I'm not a fan of buying a short term liability (no cash flowing property) in hopes of long term gain through appreciation.
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10 December 2024 | 14 replies
If your concern is cashflow, then your concern is about being short of cash at some point.
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6 December 2024 | 2 replies
IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.
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7 December 2024 | 6 replies
I’ve found success by focusing on emerging neighborhoods, avoiding flood-prone areas, and exploring short- or mid-term rentals to tap into the steady stream of tourists and business travelers.Good luck!
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15 December 2024 | 59 replies
I don’t worry about the electric because I use that for short term rentals.