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30 December 2024 | 819 replies
I just paid off my last utility bill.
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15 December 2024 | 1 reply
One of the methods I plan to utilize is to list the space on craigslist.
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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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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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14 January 2025 | 329 replies
While the 3-month mortgage deferral sure helps now, I still have to pay utilities, taxes, insurance and maintenance on my house.
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13 December 2024 | 3 replies
I need something simple that I could utilize today.Thanks you will not be able to get something today. in order to pull credit typically you must have a background check done on you and the company will also come visit your office and confirm you have specific security policies and procedures in place.
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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 | 2 replies
The limits are not high at first, but they can build with good utilization and payment history.
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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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30 December 2024 | 103 replies
Lender that can help me utilize HELOC to get me started and then help me grow my portfolio through BRRRR in PNW. 3.