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12 November 2024 | 12 replies
They will help you ensure you don’t accidentally leave money on the table by helping you study your competition and by raising or lowering your rates so you can compete better.
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14 November 2024 | 10 replies
If you've done a cost seg before and have broken out your property into 1245 and 1250 property, it would be best to be thoughtful of your replacement property to ensure you'll get full deferral.
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11 November 2024 | 16 replies
We ensured every home had a wide collection of quality cookware, spices, coffee, etc.
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14 November 2024 | 7 replies
You are correct the proper word I am looking for is ownership.
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15 November 2024 | 18 replies
This means I will take a significant loss to ensure investors do not lose their initial investment.
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12 November 2024 | 2 replies
Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.
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18 November 2024 | 47 replies
It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”
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15 November 2024 | 15 replies
The right wholesaler that knows how to properly calculate a SOW (scope of work) to gain the rehab budget, generate an ARV from local comps and not want to get rich on every deal is NOT easy to find....but, they do exist.
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13 November 2024 | 3 replies
If the cabinets are touching the floor, I'd say put the cabinets in first and this way you know exactly where you need cut the flooring to ensure a 1/4inch gap between the lvp and the foot of the cabinet.
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12 November 2024 | 1 reply
However - if they're there and verified to be inspectors to ensure the unit is compliant, then yes you are obligated to let them do their jobs.