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8 March 2024 | 4 replies
if she is, she has no tenant rights and can be evicted quickly (on a Federal level, state or local level may have different rules).
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9 March 2024 | 17 replies
Yikes, a 4.89 star rating's going to go from stellar to devastating real quick. ;)
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8 March 2024 | 0 replies
As elections get closer we will likely see consumer confidence start to become more uncertain due to the political climate and then resume again after elections are finalized.ibuyers and hedge funds are also ramping up acquisitions which is further pushing demand and lack of affordability.If/when the Feds do lower rates we will see a temporary improvement in affordability, however we do expect that small window to close quickly as lower rates will bring a lot of pent up demand back into the market which will push home values higher and cause affordability to worsen.With all factors considered here in the local Las Vegas and Henderson market we are encouraging buyers to buy sooner rather than later while they can get lower prices and seller concessions and then if needed refi later when rates come down and they have more equity.
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8 March 2024 | 10 replies
You can consider buying rental properties for steady income and potential appreciation, do house flipping for quick profits or explore REITs for a more hands-off approach.
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9 March 2024 | 8 replies
I know I don't need to jump quick, but stay proactive in the meantime by learning.
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8 March 2024 | 8 replies
Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.
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9 March 2024 | 21 replies
Off the top of my head, I will use these metrics as a quick rule of thumb:Light Cosmetic ($40-$50 x Sq.
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7 March 2024 | 14 replies
Again you would get this billed back to the residents pretty quickly but for now lets consider it an owner's expense.* Septic maint- Yeah... no current cost but if you are pumping say one tank per year at $300 you should set aside $25 per month on the expense
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8 March 2024 | 21 replies
Quick question, is there a specific website for the military family rental?