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25 April 2024 | 209 replies
Poof that whole model goes away.
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23 April 2024 | 5 replies
While my sales skills might be polished, I know there's a wealth of specialized wisdom waiting to be uncovered.And why, you might ask, am I drawn to this virtual hub of expertise and camaraderie?
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24 April 2024 | 2 replies
I deal with development opportunities where I can and synergies between local businesses.Then I have my operations manager who handles most of the day-to-day management of the properties, and they manage some of our contractors and managers.Our model is a little different than large parks because we have regional managers that cover multiple communities vs a single one.The pain point right now is mainly having consistently qualified contractors and filling vacant spaces as quickly as we can.
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25 April 2024 | 9 replies
What most fail to realize is the STR model is more of a business operation whereas a lender cares about the fundamentals of the real estate.
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23 April 2024 | 8 replies
I would only partner with someone if there were "synergies" where they had knowledge and expertise where I did not and where we had alignment in our approach and goals.
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24 April 2024 | 6 replies
- There are a lot of good folks on BP who have been in the game a long time and can vouch for different QIsAs for your DIY model: you can't do 99% of exchanges on your own, the IRS won't let you.
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23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
24 April 2024 | 11 replies
Seems like we may just need to do some modeling...
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23 April 2024 | 2 replies
I’d also appreciate any tips on creating my own analysis model.
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24 April 2024 | 9 replies
Again, that's all fine and good but the numbers have to work which is why I was hoping to speak to someone with first hand knowledge of owning a property or properties in the town without an axe to grind like the Seabrook sales people.On the issue of negative STR regulations roughly half the houses in the town are in their rental program currently so I don't see that as an issue in the future as an investor as it's baked into the town's business model and not likely to change.