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20 November 2024 | 19 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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22 November 2024 | 14 replies
Feel free to connect via email of phone.
21 November 2024 | 8 replies
You can basic info on short term rental projections and occupancy rates with a free account, but will have to purchase a membership to get detailed info.
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15 November 2024 | 5 replies
You can search on Google, attend REI meetings, or explore Facebook groups.People invest a lot of time and energy in generating off-market leads, and connecting with reliable, reputable sources who supply quality deals can be a game changer.
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19 November 2024 | 11 replies
@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.
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20 November 2024 | 15 replies
Feel free to message me and I can text their info!
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13 November 2024 | 8 replies
For one, the rental income tends to be lower than with short-term stays due to the necessary discounts, yet we still face most of the usual costs, aside from savings on cleaning and supplies.
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14 November 2024 | 7 replies
In NYC the demand is lower in the winter but the supply is also lower so apartments rent fairly quickly still (typically within a few weeks).
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13 November 2024 | 0 replies
Adding rooms does create the potential for more conflict but carefully thought-out floorplans, designate wet and dry storage spaces, and provide supplies.
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18 November 2024 | 1 reply
Popular examples include Airbnb, Uber, and Buffer's early-stage pitch decks, available online for free.