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30 September 2024 | 10 replies
From Miami Florida but looking to invest in Mississippi, Alabama, Michigan to begin.
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6 October 2024 | 1 reply
Hi All -I would still consider myself a bit of a rookie, but I have been investing now for about 3 years.I currently own an 11 unit RV Park in which I own all of the units and rent them out.I have successfully completed a BRRR in Alabama with $4K left in the deal, and I am in the process of completing my first two SFH Fix & Flips in Detroit, Michigan.I am looking to build out a potential buyers list, JV partners, and just network in general with like-minded people.
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3 October 2024 | 4 replies
A fair interest rate for seller financing typically ranges between 4% and 6%.
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1 October 2024 | 1 reply
(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR).
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7 October 2024 | 4 replies
Plus any additional capital you put in.So if you bought a house for 100k, sold it for 200k, took that 200k and invested it into a new property with a 1031 exchange.
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7 October 2024 | 2 replies
., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.
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6 October 2024 | 2 replies
Hi experts, I have a question about net passive income from rental properties.Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income?
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1 October 2024 | 7 replies
Sometimes, the unsophisticated purchasers have to be taken by the hand by the listing agent and sometimes dragged across the finish line with a lot of services involved and typically a lower commission than a multifamily investment.
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7 October 2024 | 2 replies
@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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7 October 2024 | 3 replies
I like the multi unit office model, like multi family it brings down the vacancy risk, but also, in a small town I'd be looking at growth trends, incoming investments etc to confirm that use case for the long term.