Nicole Cotrino
Questions re cost segregation study for STR
29 October 2024 | 11 replies
Timing: Complete the study within the property’s first tax year (by the extended tax fiing deadline) if possible; otherwise, a later study can use a catch-up adjustment but will be expensive.3.
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
30 October 2024 | 4 replies
. --- Logically, this tells us they really don't have a means to pay or they have no intention of paying.2) How many somehow adjust their budgets to pay rent PLUS EXTRA to catch up!
Noey Santiago
Refinancing with a Low Credit Score
30 October 2024 | 11 replies
If you have a partner / other llc member you can adjust Operating Agreement accordingly to have one person credit qualify.
James Rowe
Startup costs for STR cabin in Gatlinburg
29 October 2024 | 19 replies
Thanks,MariaWE have our rental agreement in our cabins in a cabin manual.
Kyle Fitch
What would be my earning potential?
31 October 2024 | 12 replies
Column G - expected cash flow for total number of units at $100 per unit per monthColumn H - down payment need to acquire the new units at 30% downColumn I - adjusts how much down you would need assuming you saved the cash flow from the previous year and applied it to the current year's acquisitions.
Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.
Devin Voelker
Is it to much?
29 October 2024 | 5 replies
If you aim too high with your pricing and the place isn’t renting out, be ready to adjust quickly to fill the spot.
Shayan Sameer
Flix & Flip deals with HOA
29 October 2024 | 4 replies
The warrantability will come up more on the back end when it comes to refinancing or selling and the rehab aspect will impact you more immediately as it may cause you to adjust some of the work that you're looking to do on the property.
Matthew Drouin
The FED Just Hit The Panic Button
28 October 2024 | 15 replies
Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.
Kylie A.
What Are You Choosing For Liquidity
29 October 2024 | 21 replies
I like to call this a nice safety net for those that our younger and looking to save but fear locking up all their capital. 2) Keep in mind to contribute directly to a Roth IRA, you need to be under the Modified Adjusted Gross Income (MAGI).