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28 November 2024 | 184 replies
Chimene Van Gundy carefully crafted a public persona as a successful buyer and seller of mobile homes before a judge appointed a receiver to take control of her New Braunfels company and she filed for personal bankruptcy last month.But during a bankruptcy proceeding Thursday, she couldn’t recall any particular deal she did to get people to invest with her or that led to her becoming known as “the Mobile Home Millionaire.”
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23 November 2024 | 4 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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23 November 2024 | 9 replies
Quote from @Jesse LeBlanc: @Jay Hinrichs I know you'll see this soon, might as well tag you ;) good work naming names is the only way to protect the public.. these schemes have been going on for years..
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21 November 2024 | 9 replies
I went to a public hearing on a red card that the town fabricated because a structural inspector decided to do an electrical inspection early.
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21 November 2024 | 14 replies
But if you subdivide it into anything smaller than 5 acres, you may be required to plat the entire project, be subject to council approval and be required to have public meetings about the project.
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19 November 2024 | 7 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?
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20 November 2024 | 3 replies
It seems a bit far and no reliable public transportation.thanks again!
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19 November 2024 | 1 reply
Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.
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21 November 2024 | 6 replies
I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.
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20 November 2024 | 15 replies
NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.