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17 February 2025 | 10 replies
I have not done it personally but have some insight, maybe my reply may boost your post to someone with more experience in it.
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17 February 2025 | 15 replies
It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick
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5 February 2025 | 10 replies
No Personal Use: You or family members cannot live in or personally use the property.2.
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9 January 2025 | 5 replies
If you haven't connected with local people in your market there are several methods here.
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26 January 2025 | 28 replies
@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.
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17 February 2025 | 7 replies
I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.
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12 February 2025 | 8 replies
This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.
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11 February 2025 | 20 replies
The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.
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30 January 2025 | 24 replies
The primary residence exclusion is $250k per person on title.
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10 February 2025 | 9 replies
I highly suggest as many in-person networking events as possible!