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6 September 2024 | 7 replies
I haven't joined yet, but a lot of their free material has helped educate me.
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5 September 2024 | 14 replies
My concerns with selecting a servicer are the following: customer service, access to funds, access to education materials so I can learn how to stay away from prohibited transactions.
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9 September 2024 | 22 replies
They are just creating another bubble/crash so that the hedge funds come in and buy them at a material discount.I hope investors are not paying these prices.
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6 September 2024 | 0 replies
Whether it’s investing in educational materials, leveraging tools for data analysis, or seeking out mentorship, these resources will be your foundation for long-term success.
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5 September 2024 | 1 reply
Driving for dollars can be an effective strategy the costs (gas, time, energy, materials) have to be added to the deal analysis.
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6 September 2024 | 6 replies
.* We request as much due diligence material as possible in the beginning.* We get as close as possible to ironing/feeling out deal terms that would be agreeable to the seller in advance of submitting an offer, including site visits if they are located in the same market we are vs. out of state/market.All of the above data provides us with enough of an analysis to know what our deal parameters are going to be, at least to within a few percentage points.
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5 September 2024 | 0 replies
Alas - I learned every step of the way about ordering materials, working with contractors, scheduling, insurance issues, etc.
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6 September 2024 | 13 replies
I have included a slide on cost segregation analysis and how our interior design work can help to support with the owner's material participation hours and furnishing, upgrades to the property, including landscaping can all factor into that analysis.
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10 September 2024 | 43 replies
Not to mention insurance, LABOR, water/sewer rates, building materials, etc.
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6 September 2024 | 11 replies
Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).