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22 November 2024 | 92 replies
And some of us been replying back yes there is, just where they are, how to get them, has changed a bit and it's no longer as simple as closing your eyes and randomly throwing darts at a MLS map and buying whatever. yes, those days are long gone but if your willing to roll-up the sleeves and get professional at it, there is "deals" all over the place, you just gotta get skilled on how to find them, tap them, monetize them.
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14 November 2024 | 1 reply
Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).
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18 November 2024 | 12 replies
I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.
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15 November 2024 | 6 replies
The location and access to amenities make it a super desirable area so you need to keep an eye on inventory and competition.
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13 November 2024 | 13 replies
I have my eye on a 4 plex I'd like to buy, renovate, rent, and hold.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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21 November 2024 | 305 replies
I have my eye on a couple of small places that I am interested in for Air BnB.
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14 November 2024 | 3 replies
Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.
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14 November 2024 | 25 replies
. :)Keep an eye out OK?
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13 November 2024 | 11 replies
Using Airbnb isn't going overboard =) It really comes down to how much you need the income, and hence how important it is you get eyes on your listing so you actually get bookings.