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22 May 2024 | 13 replies
I am a South Dakota resident because the income tax is 0% and I can travel as much or as little as I like. if I stay in New York 181 days during a calendar year then I’m not a primary resident but at 182 days I am and then I pay income tax to state, county, township and city.
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20 May 2024 | 13 replies
You can rent by the room, which can maximize rental income.Parent Guarantees: Many student leases involve co-signers, usually parents, which can provide additional financial security.Low Vacancy Rates: Due to the high demand, vacancy rates tend to be low, especially if the property is close to campus or in a desirable student neighborhood.Flexible Lease Terms: You can structure leases to fit the academic calendar, which means you can adjust rents annually based on market conditions.Cons:High Turnover: Students typically stay for shorter periods, leading to higher turnover rates.
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22 May 2024 | 31 replies
As long as the gain you incur from the sale of your property AND the investment with bonus depreciation occur in the same calendar year, it's possible to defer all of the tax exposure you would otherwise have.
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19 May 2024 | 1 reply
Hi Mary, you wouldn't need to worry about that if it occurs within the same calendar year.
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24 May 2024 | 100 replies
Look at their rates and look at their booking calendars.
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14 May 2024 | 11 replies
But, I also don't know your calendar and the availability you have for communication either.
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15 May 2024 | 6 replies
In NYC transactions, property taxes are pro-rated and sellers + buyers pay for the portion they're responsible for (depending on the calendar schedule of the county + closing date).
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17 May 2024 | 34 replies
I would suggest looking up their monthly calendar and going to one of their monthly events in conjunction with a visit to the area.
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14 May 2024 | 25 replies
Now that I have Airbnb and VRBO traction on multiple vacation properties I would like to explore creating a direct booking website for family, friends, and repeat guests to book without all the platform fees.What are recommendations on website service that allows for (1) multiple properties (2) running transactions (3) synced calendars?
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14 May 2024 | 7 replies
If you are adding value to other groups you'll have doors open that allow you to learn the ropes on other people's deals vs on your own and potentially losing a lot of money and getting way too many grey hairs and wrinkles ;) The 5 Key Partnerships You Need in Real Estate 🏘️🌟 Mark your calendars for Wednesday May 15th, at 1 PM EST!