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24 October 2024 | 36 replies
Also using dynamic software pricing can help increase revenue.
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23 October 2024 | 1 reply
While rent rates do increase, so do the potential headaches of managing multiple tenants.For example, here in Bryan and College Station, TX, you can get an extra 10% by renting out rooms individually.
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23 October 2024 | 2 replies
It’s also a great way to leverage your investment for future projects.If you’re planning to continue with more BRRR projects, consider refining your vendor selection process to increase efficiency and cost control, and ensure your financing is set up to maximize your next deals.If you need any advice on financing strategies for future deals or optimizing STR income, I’d be happy to help!
22 October 2024 | 8 replies
The rents were at $1000 a door with a potential to increase up to $1250 after some small TLC renovations.When you factor in the price point, lower taxes and lower insurance you have yourself a sure fire cash flow deal.
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23 October 2024 | 1 reply
Are you captive to the building HOA for increasing fees?
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26 October 2024 | 25 replies
They rather burn the house to the ground than sell it.I do agree that the data would imply an increase in motivation, but not by much (at all).To really understand this understand the definition a motivated seller.A motivated seller is not someone who becomes willing to sell their house!
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23 October 2024 | 16 replies
Are you looking from a more traditional real estate perspective where you're trying to acquire an asset for long term preservation of wealth, tax advantages, to have guests help out with the mortgage payemnts, potentially have rents and home value increase in time with normal inflation, and are okay with the idea of paying some amount out of the pocket some (most?)
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24 October 2024 | 33 replies
Government now can restrict and cap your rent increases 3.
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15 October 2024 | 0 replies
Invest in Florida Real Estate!! Or texas......Cool chart below, really puts things into perspective.
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22 October 2024 | 4 replies
Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.