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4 September 2024 | 4 replies
However, the new Community Development Grant (CDG) program simplifies access to critical funds, offering three distinct grant categories:-Small Grants (up to $250,000)-Medium Grants ($300,001 to $5 million)-Large Grants (over $5 million)These grants can support a wide range of projects, including office, retail, cultural, industrial, and mixed-use developments of more than 10+ housing units with ground-floor retail.
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3 September 2024 | 6 replies
Maybe chat with a financial advisor and have them help you set up an IRA and throw 25k directly into that on a high/medium/low-risk level and watch that slowly grow as a slush fund for further investments.
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3 September 2024 | 5 replies
There are lots of options like VRBO, booking.com, direct booking platforms, snow bird sites and medium term rental sites.
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2 September 2024 | 7 replies
I'm thinking we may end up doing a medium-term rental like furnished finders instead.
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30 August 2024 | 15 replies
The medium-term rental (sometimes referred to as mid-term rental) is an investing strategy that combines elements of short-term rentals and long-term rentals.
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4 September 2024 | 84 replies
One of the largest competencies of REI is scalability through other people's time (OPT), often times carried out through PMs.If your goal is to own a smaller portfolio, then perhaps doing your own property management makes sense.If you want to acquire medium to large scale apartment buildings, then you probably won't even get a loan from a commercial bank without proof of using a PM with a solid reputation.
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30 August 2024 | 18 replies
Usually, your PM might do some light rehab/turnaround to get ready repairs, but in general you would hire a contractor yourself for a medium or bigger sized job.
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30 August 2024 | 22 replies
If I was using 1 cleaner for 1 property I would have a Friday payday via PayPal or some other medium that is free and have them invoice by thursday for any and all clean done for the previous week.
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28 August 2024 | 11 replies
However, if you have a Single-Member LLC (SMLLC), it will need to file the BOI.Entities that must file the BOI include:1.Small and Medium-sized LLCs: Typically required to file unless they meet specific exemption criteria, such as being highly regulated or having significant gross receipts.2.Single-Member LLCs (SMLLCs): Required to file because they are legally separate from their owners, even if they only have a single owner.3.Other Non-Exempt Entities: Any business not meeting the exemption criteria must comply with BOI filing requirements.Filing Deadlines:•Entities created or registered before January 1, 2024: Must submit their BOI by January 1, 2025.
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27 August 2024 | 9 replies
For that reason, in the medium-to-long term I like the idea of multifamily residential for the more aggressive depreciation and ability to scale (vs single family).