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30 December 2024 | 89 replies
The home has been doing okay Occupancy wise it is following the same occupancy as the average occupancy in the area so around 60-77% but it is a new unit, this march it has increased to an 81% occupancy and April and May its picking up in occupancy fast so its a perfect time that I started this airbnb.
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19 December 2024 | 22 replies
You'll have your standard recording fees and mortgage tax, etc.
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24 December 2024 | 3 replies
With BRRRR you typically need to buy a house that needs a LOT of work because you need to get it cheap enough and do a large enough rehab to increase the value WELL ABOVE what you have invested into it.
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24 December 2024 | 14 replies
Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.
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21 December 2024 | 1 reply
Small Multi families are a great way to increase cash flow
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18 December 2024 | 11 replies
looking to accurate my rehab costs calculator, specifically in the Pittsburgh area.Of course, It varies from one investor to another, depending on the quality, standard, size, condition, and team.I am looking to get a range or see how much you pay for each remodeling. 1) what's your range for remodeling a kitchen completely (granit, backsplash, tiles, etc)?
21 December 2024 | 6 replies
Anyone here can confirm that the rent from section 8 is close to the payment standards for the respective zip codes?
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20 December 2024 | 5 replies
The other question I have is if anyone has tried this on repeat, like with standard house hacking (live in for a year and repeat).
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19 December 2024 | 10 replies
In fact I have a no PITA policy, which means if you violate it you are probably getting a rent increase at next renewal opportunity, which might be next month if you are on M2M.
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3 January 2025 | 42 replies
When cap rates increase you have to have an impact on NOI great enough to overcome the cap rate adjustment plus a profit.