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29 January 2025 | 11 replies
The folks at VRBO can't seem to understand that.
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29 January 2025 | 12 replies
Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.
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3 February 2025 | 31 replies
I think you really have to be absorbed into the forums to start to understand who is here to just learn and converse and who is here to make a profit.
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27 January 2025 | 3 replies
Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.
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3 February 2025 | 6 replies
Let's cut to the chase: "A tenant is obligated to follow HOA rules, as they are considered residents of the community and must abide by the same restrictions as homeowners, even though they do not own the property; the landlord is responsible for ensuring their tenants understand and comply with the HOA rules.
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23 February 2025 | 18 replies
Understanding exactly who is the decision maker for property is not as simple as looking through the assessor records.
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14 February 2025 | 18 replies
Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!
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29 January 2025 | 40 replies
Try to understand why:Let me explain why.Q.
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27 January 2025 | 13 replies
I don’t place all the blame on him, as I understand Massachusetts law is heavily tilted in favor of tenants.
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6 February 2025 | 10 replies
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.