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27 November 2024 | 3 replies
It really depends on location, quality of home features, amount of privacy for renters/members, and competition.
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26 November 2024 | 1 reply
Of course, if you are doing a lot of buying and selling, it is always good to know who the players are because there are some that do top quality work and others that do not.
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1 December 2024 | 93 replies
We pay a few hundred dollars for a professional quality pitchbook with the financials and that has been money well spent.
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28 November 2024 | 9 replies
With regard to your "DST" and as with many highly structured tax vehicles that have a potential "self dealing" quality to them, there are a number of potential potholes you can easily step in along the way (e.g., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).
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26 November 2024 | 2 replies
I learned that it's better to go for quality the first time if you want it to last.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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26 November 2024 | 15 replies
Buy from a quality builder in a neighborhood which is going to appreciate.
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27 November 2024 | 3 replies
You should focus on the quality of the agent, not the amount they charge.
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26 November 2024 | 2 replies
Another key aspect of creating generational wealth is investing in high-quality properties.
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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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25 November 2024 | 5 replies
@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!