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21 October 2024 | 9 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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22 October 2024 | 4 replies
Resident homeowners aged 65 and older or disabled can receive a $50,000 exemption against fair market value.In North Carolina, residential real estate is also taxed on an ad valorem basis, with each county administering assessments and collections.
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21 October 2024 | 2 replies
Some investors keep a foot in both worlds, using local banks for certain things (like larger loans) and online banks for everyday transactions.
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20 October 2024 | 12 replies
We work with investors everyday that utilize this strategy.
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21 October 2024 | 10 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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23 October 2024 | 19 replies
Anything prior to that day is just added to the cost basis when the property is placed in service (sold or rented).
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23 October 2024 | 15 replies
The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.
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24 October 2024 | 36 replies
I research this topic on a quarterly basis and I don't see a huge increase in revenue due to dynamic pricing.
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21 October 2024 | 16 replies
I don't care what my tenants do in their personal lives and they can have an occasional guest but when the "guest" is staying there on a regular basis, they are no longer just a guest.
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22 October 2024 | 17 replies
Overall I'd look into how many units you own (more is better), price of rental units compared to monthly payment you are paying (more is better), and values of each property you own and how much each property increases in value on an annual basis.