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29 January 2025 | 4 replies
These properties often generated decent revenue but underperformed simply because they didn’t stand out visually.3.Natural Language Processing: They also trained an NLP model to review poorly written Airbnb descriptions.
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17 January 2025 | 14 replies
Many lenders won't allow you to sell or refinance the properties individually if you have these on a blanket mortgage.
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3 February 2025 | 14 replies
You'll just add to your losses and still have the same mess to clean up.The process for abandoned property is to give written notice to the tenant at their last known address (your rental).
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7 February 2025 | 31 replies
Once you have ran through about 3 months or so of this and penciled out 50-100 deals for fun, I would talk to a local agent and start the process of looking.
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28 January 2025 | 6 replies
I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.
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18 January 2025 | 5 replies
I feel it's extremely important that I link with like-minded individuals.
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20 January 2025 | 6 replies
I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.
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14 January 2025 | 3 replies
The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos.
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12 January 2025 | 5 replies
I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established.
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6 February 2025 | 19 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).