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5 July 2024 | 5 replies
Minimum bedroom square footage requirements come into play (a quick google search shows Texas having an 80sqft minimum size requirements for a single occupancy bedroom).
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3 July 2024 | 7 replies
Good news, you may be able to take accelerated bonus depreciation / expenses repairs immediately and get a tax advantage from thisBad news, you still need to deal with this issue from tenant/PM.I found this thread from @Bob Beach helpful where he shares some read flags on property managers.
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3 July 2024 | 2 replies
Here’s an example of bonus depreciation.One way that you can still benefit from a cost segregation study is by utilizing the Short-Term-Rental (STR) strategy on your property.
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4 July 2024 | 0 replies
I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new.
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4 July 2024 | 14 replies
Bonus: You get to stop paying any fees related to the FL LLC.
2 July 2024 | 8 replies
I do think bonusing her on getting and or maintaining 95% occupancy is a good incentive.
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4 July 2024 | 3 replies
As Jonathan mentioned, this is a technique for experienced investors, not something a beginner should play around with.
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4 July 2024 | 14 replies
Just your basic 20% down get a loan, etc.I know there are 84 other variables that come into play in making the decision.Does the think tank here have any general pieces of advice?
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4 July 2024 | 8 replies
Having said that, they know how the game is played and that they are messengers for their clients whether that is the buyer or seller.
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5 July 2024 | 19 replies
The safer play is to use financing with healthy contingent reserves built into the loan.The other reason why I recommend using financing (and believe this is more important) is the banking relationships you will build through the process.