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10 April 2024 | 37 replies
That is a super common scenario.
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10 April 2024 | 0 replies
Asking the sellers to repair the whole roof is quite common, sometimes their insurance company will repair it for them!
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10 April 2024 | 9 replies
In my area it is common to have those foundations, I always see water damage when it is.
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9 April 2024 | 9 replies
The hard money lender has tons of experience with lots of flippers in your market and if they approve the loan you'll know there's enough fat in the deal for them to be repaid.
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10 April 2024 | 11 replies
This applies to properties used for the production of income, such as rental properties.However, if you initially declared your property as an STR (which typically falls under different tax rules), you might have been using a depreciation period of 39 years, which is common for non-residential property or property used for personal purposes.When you convert your property from STR to LTR, it's considered a change in use for tax purposes, and you would adjust your depreciation schedule accordingly.
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11 April 2024 | 31 replies
That seems to be the common factor everyone has been mentioning so far!
9 April 2024 | 2 replies
Hello Ben, I speak with lenders about this every day as it is a common issue.
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9 April 2024 | 4 replies
If you are renting by the room, I'd also get a cleaner in to clean the common areas.
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9 April 2024 | 6 replies
The solar will only be there to offset common areas, however so not sure it would make economic sense to go that route for a small utility offset.
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9 April 2024 | 5 replies
I don't think it is common people invest in both places.My thought is that your most profitable house hack will be a single family with 4-5 bedrooms.