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2 January 2025 | 13 replies
But i heard that there's scammers who prey on new listing discounts to try to take advantage of new hosts.. is this something I should be concerned about?
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29 January 2025 | 6 replies
With today's high interest rates, it usually doesn't make sense.
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19 January 2025 | 46 replies
Death Rate: The death rate has been gradually increasing.
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29 January 2025 | 2 replies
My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.
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26 January 2025 | 0 replies
I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.
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6 February 2025 | 7 replies
Guests love them, and listings with hot tubs often command higher nightly rates and occupancy.
31 January 2025 | 6 replies
You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs.
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31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
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17 January 2025 | 4 replies
What is your current rate and what are you being quoted?