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25 January 2025 | 29 replies
However, you can't sell something unstable, with circular references, requiring human override, etc.But, if you stabilized it, the model loses efficiency.
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3 January 2025 | 3 replies
@Phil SheltonYou would need a civil engineer to provide a drawing to get submitted to zoning and get a permit if it passes zoning is most common This also depends on the road - if it’s a state road forget it as it will take a year to get approved and cost a fortune - if it’s a local road process not as cumbersome but don’t expect this to happen quicklyIn some instances you may have to prepare sight distances etc to make sure it’s safe to add a curb cut
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21 January 2025 | 14 replies
This also protects my downside risk because I could very easily lower my rents if I had to in a market downturn and compete vs. being forced to sell because of losing money.
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23 January 2025 | 165 replies
Will it be declared a super-sight?
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13 January 2025 | 1 reply
You have to prove you did everything right and then because of “empathy” for the poor snook who “fell into you schemes” you may lose anyway.This is a legally binding transaction that will be treated that way by the law.
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4 January 2025 | 9 replies
Not to mention short sighted as you are now finding out.
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28 January 2025 | 19 replies
Let’s say with your plan they make an extra $100 or $200 in fees and you lose $1000 or $2,000 in bookings.
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31 January 2025 | 27 replies
If you have high W2 income, the amount your STR makes (or loses) will be peanuts compared to the tax savings.
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9 January 2025 | 11 replies
Stay in and be part of this 721 or lose my investment most likely.
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30 January 2025 | 19 replies
You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.