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21 September 2024 | 14 replies
So I think you should try and sell it the way it is.I will say after much study and chatting with a dozen lender, no one will lend more than comps show on a working STR vs a standard home.So list the house as a house and then work out a deal on the furnishings etc.
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22 September 2024 | 6 replies
We should have a great group there discussing how to obtain Real Estate Professional Status by an accountant!
22 September 2024 | 13 replies
That would be around $90,000 sitting in a savings account!
22 September 2024 | 8 replies
At least, find out who the company is and have them send over the bids to you so the company can't mark up.I also want control of the bank account, in my name.Gino
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23 September 2024 | 5 replies
So I made a compromise with myself, instead of putting that $100 directly to my principle, I'm opening a brokerage account that will have $100 deposited into it automatically every month and invested in index funds using dollar cost averaging method.
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16 September 2024 | 5 replies
Is there a need for accounting and limited property and CAM management on commerical properties?
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23 September 2024 | 4 replies
But if I account for sunk closing costs I would actually only net 16K.
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20 September 2024 | 9 replies
Here's an article with additional FAQs on cost segregation studies that others may find helpful if considering a study.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq
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23 September 2024 | 33 replies
I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable.