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15 July 2024 | 11 replies
I currently run a successful Airbnb and want to expand but am having trouble connecting with owners or real estate agents to help. Willing to pay finders fee.
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16 July 2024 | 3 replies
I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well.
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16 July 2024 | 3 replies
Begrudgingly, we acquired the property.
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18 July 2024 | 4 replies
Here's my situation: My family has about $250-$300K that we recently acquired through a relative unfortunately passing away.
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17 July 2024 | 9 replies
But if you are doing seller financing on assets you acquired in the last few years and did a cost segregation study, it is something to be cognizant of.There is also "1250 recapture" which is taxed as Ordinary income as well, and is not subject to installment reporting - this is when you took accelerated depreciation (bonus) on any real property assets.
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16 July 2024 | 4 replies
Based just on your DSCR calculations, it appears this property is significantly under-performing, or if it is operating well, then it is significantly over-priced.If your plan is to reposition the property, then you need a bridge loan or private loan to acquire and manage the property.
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16 July 2024 | 2 replies
With youth on your side, you have ample time to acquire experience and expand your network.
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16 July 2024 | 0 replies
Begrudgingly, we acquired the property.
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16 July 2024 | 11 replies
The business plans for acquiring and adding value (in other words the BRRRR process) is slightly different.
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18 July 2024 | 0 replies
There were a few slight distractions like figuring out financing, selling a neighboring lot (that I had also acquired via letter writing) on Craigslist, rent out my RV, rent out my house, make my first ever documentary film (a twenty minute short called Kara, Star Of The World about a woman with a traumatic brain injury from a childhood ski accident), take any photo and video work I could get, start a 360 photography company, create social media channels to hype the build, parent two small kids, do a beautiful and excruciating tandem mountain bike ride across Scotland, drive my family on RV trips to Colorado/Arizona/Utah/Nevada/California/Wisconsin/Minnesota/Michigan/Florida, attempt to write a novel and adopt a puppy.The above may read as humble brag, it is not.