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15 November 2024 | 16 replies
Thank you all very much for your responses.
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12 November 2024 | 7 replies
This is where good tax planning really pays off—not only can it help you maximize these benefits and reduce your tax bill, but it can also help determine if paying for cost segregation is even worth it for your individual tax situation.
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13 November 2024 | 12 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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11 November 2024 | 14 replies
With exception of the accountant, these individuals did not go to college with these careers in mind.She can use my properties to suppliment her income without a lot of work and, in my opinion, have a lot of fun doing it.
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14 November 2024 | 8 replies
However, government officials, pandering to populist sentiment, hold landlords to standards and responsibilities far more restrictive than any other business.
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11 November 2024 | 2 replies
I would double check all this, but my understanding is as follows:The property owner is still responsible for repaying the mortgage, even after condemnation.
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11 November 2024 | 2 replies
If it is not in the contract, the contractor has the right to believe they are not responsible for it.
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9 November 2024 | 17 replies
Additionally, unrelated business income tax (UBIT) might apply if your property is financed.One option to consider is partnering funds from multiple accounts or other individuals to share in the investment, which may avoid the need for difficult-to-secure non-recourse financing.
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12 November 2024 | 7 replies
It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!
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11 November 2024 | 5 replies
I know this may be an individual decision ultimately, but what types of land did you purchase, or what regions, or what characteristics and why?