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1 November 2024 | 48 replies
I buy supplies, and keep up with pricing, do repairs, except for electrical, plumbing and A/C.
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7 November 2024 | 45 replies
There are always the exceptions, but overall we have had success with this.
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4 November 2024 | 19 replies
I'd consider Florida because I love that they have tackled the squatter issue except I know insurance prices will creep up in the next few years.
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3 November 2024 | 11 replies
Making this particular bedroom bigger has three benefits: 1) bigger primary as I add ~100 sqft, 2) no need to change anything else except for face lift, 3) the garage is exactly below this bedroom and it's a single car garage, with this addition, it'll be two car tandem garage.
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1 November 2024 | 1 reply
No, except a title company in Charlotte that is investor friendly.
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5 November 2024 | 28 replies
So far, every case settled out of court and covered by property owner's insurance - except one.
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1 November 2024 | 7 replies
Compare that to what you are losing now which appears to be nothing except the inconvenience of a less than ideal payment pattern. 4.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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12 November 2024 | 171 replies
Both interest rates and tenant behavior have had major negative impact.Smart buyers can always find advantaged acquisitions from a true financial fundamental real estate perspective in DSTs, but it’s the exception, not the rule.
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31 October 2024 | 7 replies
I also have a separate septic tank rider that specifically calls out nothing except toilet paper and enzymes can go into the tank.