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29 January 2025 | 4 replies
It was my primary residence for two years before I turned it into an investment property.
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29 January 2025 | 18 replies
I am a wholesaler, I live in Memphis but do most of my work in Nashville as a primary market and Texas, Oklahoma, Kansas, Arizona and anywhere else I can find a deal from networking for multifamily and land.
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5 February 2025 | 1 reply
It's been my primary with the business run out of the 3-car garage I built soon after getting the property.
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15 February 2025 | 21 replies
You should have a good idea of every expense you have in your primary home, then add the STR specific: (These are rough estimate numbers, depending on various factors)STR insurance - a special insurance that covers both the property and your liability, could be $2~4k in areas without natural disasters, could be more than $10k in some other areas.cleaning fee - approx. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal: $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses.
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30 January 2025 | 13 replies
I don't think you will find it, but if you do, it'll cost ya.It sounds like an amazing house hack if you can move your life around to make it your primary (and the financing will get MUCH easier).
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29 January 2025 | 7 replies
@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.
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31 January 2025 | 2 replies
If you want to manage your own properties, I would highly recommend buying within an hour of your primary.
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27 February 2025 | 26 replies
On a recent primary election ballot here in TX there was a question regarding whether people would favor getting rid of property tax if some other equal tax was instituted.
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18 February 2025 | 51 replies
I have three rentals and my primary residence here in Springfield Illinois.
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10 February 2025 | 24 replies
My primary business is Real Estate and that is what I focus on.