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8 October 2024 | 12 replies
I see you're a broker too, so you have your cleaners, other agents to show properties etc.
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8 October 2024 | 12 replies
My cleaners charge $125 cleaning fee for 2 bed/2 bath and $150 for a 3 bed/2bath, I charge an additional $15/night as a pet fee (Max 2 dogs), Airbnb doesn't allow an additional nightly fee so I charge $150/stay, my cleaners charge an extra $25 for the additionl cleaning required for pet hair removal.
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8 October 2024 | 4 replies
I want the tenants out so I can rehab and take out a heloc to buy another.
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9 October 2024 | 1 reply
We have a lack of whole sellers in BCS, so if you can find away to get a consistent flow of off market properties, there is money to be made in it.
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9 October 2024 | 12 replies
I also spend a lot of time overseas with my job, so I would not be able to manage the day-to-day of my properties.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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8 October 2024 | 7 replies
You'd likely be able to get a DSCR loan with no problem, but it doesnt look like it would make sense to do so.
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9 October 2024 | 5 replies
Only asked that since you mentioned out of state.If so, credit score 700 plus, you will be 20% down on 1 to 4 unit purchases on the DSCR side.
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9 October 2024 | 3 replies
So seems about right at $250 - 300.
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8 October 2024 | 10 replies
So you're not completely anonymous.