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23 September 2017 | 12 replies
Obvioulsy it would need to be a good deal where you could BRRRR it and cashflow, but I assume that's obvious.
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21 September 2017 | 9 replies
The do look at previous income but it's not a totally "global" approach that most banks take.
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18 September 2017 | 1 reply
My wife and I were working with a realtor who found the deal, but it was her first transaction and totally botched the whole thing, won't go in to details but at the end of the day she didn't want anything to do with it but still wanted her commission.
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12 October 2017 | 10 replies
Also I plan to buy a total of five duplexes, which; I will later trade up for a Apartment Complex.
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16 September 2017 | 3 replies
I purchased a duplex in July and one side has laundry hookups however the dryer has been previously venting under the floor into the crawlspace and obviously I don't want that.
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30 March 2020 | 26 replies
Obviously they are more expensive and need maintenance.
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30 September 2017 | 187 replies
Obviously exceptions apply and this is just a generality
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17 January 2018 | 4 replies
For example, if, in an 18 hour waking period, you spend 2 hours snooping through the AirBNB, writing down the makes and models of appliances, figuring out the distribution of the mini shampoos and inventorying how many cooking supplies your hosts are providing and the thread count of the sheets, then an auditor might allow you to take 10% of your total trip expenses as a deduction.If, however, in an 18 hour waking period, you spend 6-8 hours per day interviewing Hosts, researching which properties would make good AirBNBs, researching the local laws, touring properties, meeting with an agent and vigorously pursuing your next acquisition, you'd have a MUCH better case for writing off your travel expenses (but probably not your lift tickets and equipment rental).If, on the other hand, you are traveling and on vacation and just hang out in your AirBNB without actually performing any activities, then the odds that an auditor will allow any deduction at all is pretty minimal.In any audit, it would be up to you to document the business purpose of your trip.
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17 September 2017 | 2 replies
Getting awesome info and totally pumped about the potential of building that PCF!!
17 September 2017 | 3 replies
The code says that the total garage width should not exceed 16 feet.