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2 December 2024 | 10 replies
Many places only allow utilities in the owners name.
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15 December 2024 | 4 replies
My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?
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17 December 2024 | 22 replies
ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).
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11 December 2024 | 5 replies
It will show the rent amounts, who pays utilities and expenses they know annually.
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22 December 2024 | 23 replies
Hi Brett, I would opt to utilize a HELOC.
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15 December 2024 | 59 replies
We currently have 23 single-family homes in the KC metro (120 bedrooms) utilizing this model and while its never boring - I really enjoy it and it's definitely a favorite way to invest in real estate to date.Have a few tips and tricks we've learned - send me a message if you have any questions.
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19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
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6 January 2025 | 77 replies
And because you cant self promote there is always going to be some way to get some kind of message out there without breaking the rules or offending anyone.. but again I think the success stories threads should be utilized for that.
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18 December 2024 | 7 replies
You will truly be raising the clock, as each day will cost you very significant money. 12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA).
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13 December 2024 | 7 replies
But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?