
19 October 2024 | 8 replies
Basically you need to be able to pay a large part of a long-term (multi-year) lease up-front, then still have some cash for renovation and interior/furniture, to finally recoup the investment through STR and a hopefully very quick way.

18 October 2024 | 14 replies
I have had good luck finding cool unique pieces in local stores to the property.

16 October 2024 | 7 replies
(downpayment, closing costs, HOA fees, renovation, furniture...etc?)

17 October 2024 | 14 replies
It's a gorgeous loft with beautiful furniture, lighting, great location, and below market rate but I still can't find a tenant.

18 October 2024 | 29 replies
Broken appliances, missing basics like a cork screw, no artwork on the walls and cold, ratty furniture that was clearly second-hand, noisy neighbors, and more.

17 October 2024 | 1 reply
The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

19 October 2024 | 7 replies
You can store this how you want; 80% HYSA, 20% equities is fine.

15 October 2024 | 2 replies
Not sure if I should structure as a traditional home sale + a separate business package including all accessory structures, furniture, biz ops, STR license, etc.Maybe as an add on if someone wants to use it as a hostel business as well but still open to a traditional buyer purchase separately.

17 October 2024 | 9 replies
Would it be logical to STR instead of LTR after project is finished and I move out (I no longer have to U-Haul furniture across the US 2x a year and I can look for markets beyond the Southeast and Midwest)?

15 October 2024 | 6 replies
Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders.