17 May 2024 | 5 replies
I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say.
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16 May 2024 | 5 replies
It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersWishing you the best!
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17 May 2024 | 21 replies
But if they can get the money and the tenant is a favored customer (or very pushy and persistent) at his bank (the RFDI) they can pull back two years worth of payments.https://www.nacha.org/news/new-rule-defines-time-limit-claim...
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20 May 2024 | 177 replies
I personally don't like the Class A aspect because those get hurt the most in a recession.
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16 May 2024 | 13 replies
Meaning the larger properties end up offering greater versatility and flexibility in the face of shifting market dynamics.NUMBER 2: "UNTAPPED" SKI RESORT TOWNSI guess it depends on how you define untapped.
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16 May 2024 | 3 replies
Risk management is another crucial aspect.
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15 May 2024 | 14 replies
I think you need to define what your goals are and what you are after in more detail rather then just saying a BRRR.
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16 May 2024 | 14 replies
This document officially releases the property from the lien created by the Deed of Trust, and the borrower regains full ownership of the property.It's important to note that the specific terms and legal requirements for Deeds of Trust can vary, and it's advisable to consult with an attorney or a real estate professional in Texas to ensure that all aspects of the transaction are properly handled and in compliance with state and local laws.
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15 May 2024 | 11 replies
They can also help you determine the financing options available to you.In terms of the construction aspect, it would be beneficial to speak with a reputable builder who has experience in constructing multi-family properties.