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11 October 2024 | 41 replies
Update: Currently (as of Oct. 27) I have 31 active MTRs in buildings I own and manage in the near-west Chicago Suburbs. 29 are occupied and 2 are vacant.
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8 October 2024 | 10 replies
If you are doing fix and flips etc. and have an active business then yes, but owning rentals rarely gets you a business line of credit.
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!
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6 October 2024 | 1 reply
Building a network and finding potential buyers and JV partners is key to scaling, and it’s great that you're already active on social media and have created a BiggerPockets account.To leverage BP effectively, start by engaging consistently in the forums, not just with your own posts but by adding value to other people’s questions and discussions.
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9 October 2024 | 39 replies
This name recognition has also attracted other businesses to the Blue Ridge area which fill out the guest's stay and activities.
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5 October 2024 | 19 replies
Not sure how they are able to do this or if they are breaking the rules and dont care, but they are actively closing deals in South Carolina.
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2 October 2024 | 10 replies
Vegetation and Tree Removal are crucial especially for these lower end properties
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3 October 2024 | 11 replies
While some property management companies may prefer to control the listing for operational convenience, it’s crucial that you, as the owner, retain ownership to safeguard your reviews, booking history, and overall control of the property.
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4 October 2024 | 8 replies
If you do then you can utilize losses to offset your active income but if not, you are limited with how much depreciation you can utilize to offset your active income.
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3 October 2024 | 6 replies
This enabled them to pay their agent.This approach is particularly crucial when the listing agent is unable or unwilling to negotiate the traditional 4-6% commission with the seller, leaving no commission to share.