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5 November 2024 | 6 replies
I finally decided to close the doors mainly because the unit used was not available anymore, but also because the regulations got stricker and stricker over time.Now, if you want to use your 2-4 as an STR, you need to show proof that you are living in the unit you are renting by sharing a government-issued ID with that exact unit or your tax exemption form.If you have a building over 5 units, it's a bit easier but still challenging ( you can rent up to 25% of the units out for airbnb)...the few people I know that are successful are NOT the owners of the building, but more so the operator of the airbnb unit aka str arbitrage
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6 November 2024 | 5 replies
Expanding density is challenging to pass, but it can effectively increase supply and balance out costs.
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3 November 2024 | 3 replies
I know there are large property management companies that manage properties everywhere, but I am curious how they overcome all the challenges of not being near the properties.
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7 November 2024 | 15 replies
The challenge I think you'll run into currently is the rates being prohibitive when it comes to the mortgage payment.
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6 November 2024 | 12 replies
Each has its own upsides and challenges, so think about what aligns with your goals.Speaking of goals.
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8 November 2024 | 53 replies
You will get places much quicker by having constructive dialogues with those who challenge you, not those who appease you.What do you think?
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6 November 2024 | 7 replies
There are some other challenges, but you can work through them.
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6 November 2024 | 6 replies
Your real estate attorney can help ensure you get the best terms possible, and they can also guide you through any challenges that may arise.
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12 November 2024 | 171 replies
There are two reasons DST portfolios have avoided some of the challenges seen in other syndications: DSTs usually have 10-year fixed financing, so debt costs stay constant and sponsors are not forced to sell for another 5-6 years minimum.