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14 January 2025 | 7 replies
Then we keep the accounting straight via Quickbooks with each unit a different Class.
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20 January 2025 | 14 replies
The picture they have on Zillow vs one of the several I have with the same view:Your pic is better than the PM's pic, but that pic isn't why your unit hasn't rented.
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10 February 2025 | 12 replies
I used a RE agent to show vette and place tenant for the first months rent.. then I self managed..
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17 January 2025 | 20 replies
Depends on what your goals are. 1-4 units are still residential, so it doesn't really matter how you start.
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14 January 2025 | 9 replies
While you may always have a skip, early termination, or eviction, spreading out the lease-end dates can help avoid having all units vacant at once.
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31 January 2025 | 0 replies
Michael Mergell (self), the Investor's Broker
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10 February 2025 | 7 replies
Especially if the rental is cash flowing and paying its self off.
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5 February 2025 | 9 replies
As others have alluded to, buying larger units or a house near the beach is a better play.
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15 January 2025 | 2 replies
The lower unit is a basement/guest suite.
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22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.