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24 December 2024 | 23 replies
Some items to touch on while you talk to prior investors:How has the overall experience been?
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16 December 2024 | 5 replies
Now, I typically only use them to skim stats on reviews and the more basic items.
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20 December 2024 | 27 replies
There are various other items that may come up such as: Proper firewall suppression, adequate entrances/exits for fire safety, stair safety, size of kitchen appliances, etc... for my specific example.
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9 December 2024 | 16 replies
Consider a bigger cabin if you want to try to grab a huge equity capture over the next 2 or 3 three years. 2,000 sq ft cabins that were generating 120k a year gross and selling for 850k to 875k are now hitting 85k to 100k and going for 675k to 725k.
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17 December 2024 | 9 replies
The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).
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15 December 2024 | 13 replies
So I'm guessing thats the item.
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11 December 2024 | 6 replies
Recommendations for you would be to keep super meticulous records of all the costs you’re putting into the property, so your tax pro can make sure you’re capturing everything 1) correctly and 2) in the most tax advantaged way.
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16 December 2024 | 9 replies
Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights.
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4 February 2025 | 87 replies
Having good accountants will be an important item to afford scalability.
16 December 2024 | 8 replies
My CPA instructed me to list my repairs as CAPEX or repair items , furnishings were supplies for the rental.