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13 February 2025 | 0 replies
If you enjoy hands-on management and rapid income growth, this could be your strategy.Considerations: Expect higher maintenance costs, variable income, and stricter local regulations in some areas.3.
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8 February 2025 | 14 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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7 February 2025 | 0 replies
If I were to purchase an Airstream to use as lodging while I travel across the US to my rental properties, make repairs, and perform lease turnovers, would I be able to not only deduct fuel and campground costs but also depreciate the purchase price across 5 years?
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4 February 2025 | 4 replies
I don’t have any horror stories but every time I go to run a check the cost has gone up.
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22 February 2025 | 38 replies
Combined that can cost $50k+ which they may not want to pay nor their is the possibility they would not they pass the DD report.Nothing wrong with raising money in this fashion (FB or online ads), many do it and are great sponsors.
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7 January 2025 | 6 replies
Cost segregation utilizes the MACRS approach.
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12 February 2025 | 16 replies
Not only is it a costly and hasselsome process to establish such, but at end it's an association of 4.
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18 February 2025 | 2 replies
If this property is hard to rent, or is functionally obsolescent (only 1 bathroom, no yard, etc), or has deferred maintenance that will be costly, or is in a location that is not appealing to Tenants, then maybe a sale would be a good option in favor of a property that has better Tenant appeal, which will likely increase rent and avoid long vacancies in between Tenants.An option to consider....
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11 February 2025 | 31 replies
Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.
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9 February 2025 | 5 replies
Also, the turnover will be much lower, but maintenance costs might shift too, so it's good to plan for that.Happy to connect if you need more tips!