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19 February 2025 | 4 replies
and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.
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16 February 2025 | 4 replies
I don't know if shifting to MTR could generate greater interest but it doesn't solve the marketability issue and all you are doing is punting the root issue down the road.
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10 February 2025 | 4 replies
Hey Spencer - It sounds like a great idea to generate some extra income with your empty room!
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12 February 2025 | 12 replies
I'm looking more for an overarching portfolio spreadsheet to track asset performance over the lifetime of holding the asset.If you have the property manager paying the mortgages, taxes, insurances, doing all the accounting, etc why not just ask them to generate whatever report you want?
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13 February 2025 | 10 replies
Single family is restricted to single family, no income generation.
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10 February 2025 | 0 replies
Wyoming allows for the creation of dynasty trusts, which can last for multiple generations, often up to 100 years or more, designed to preserve family wealth across several generations without being subject to estate taxes each time the assets pass to heirs.5.
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10 February 2025 | 47 replies
You can ask a generative AI to write the code to pull and save the data to csv and it’ll write pretty efficient codeI looked into them.
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5 February 2025 | 5 replies
Being a part of the featured agent program has helped generate leads and build relationships from those leads.
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15 February 2025 | 4 replies
Also the expenses should be reported to the business activity (the property) they legally are generated from; not necessarily the entity they are paid through.
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13 February 2025 | 5 replies
That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.