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23 April 2024 | 14 replies
This is true with how you structure your deal: pref, carry, fees and waterfall, projected return thresholds, hold periods, etc.Reputable sources: there are many mastermind groups out there.
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23 April 2024 | 2 replies
You should have PM contracts between your PM LLC and your asset-holding entities or yourself - and you can charge a PM fee that will generate self-income.
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24 April 2024 | 5 replies
If I could chime in to help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
25 April 2024 | 10 replies
(To compare there are TEN full-unit rentals in my area of NH...though to be fair, Raleigh is literally 10 times bigger than the NH city...so maybe per capita it all evens out?)
24 April 2024 | 18 replies
Even a 10% PM fee would bring the cash flow down to zero.Q: Why not rent the midterm as a traditional rental, with a property manager?
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24 April 2024 | 5 replies
Tell them you will give them $10-$20 discount per month if they helps you keep an eye on it and you will give them a $100 gift card 12 months from now if no more fines.
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23 April 2024 | 44 replies
They love saving on fees and taxes and love you for it too.
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24 April 2024 | 6 replies
They will correct for sewer fees because those are set Jan-Mar, but water usage is what it is.
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25 April 2024 | 9 replies
While there isn't necessarily a 12 month seasoning requirement to refinance in this instance, your loan amount will be limited to the original purchase price + closing costs/fees/points if you refinance before the 12 month seasoning period has passed.
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25 April 2024 | 6 replies
Its a strategy that barely even worked few years ago but currently airbnb rents are DOWN across the board and LTR rents are UP, the trend changed last year due to so much airbnb supply it dropped the rates and airbnb also got stricter with cancellation fees as well as giving guest refunds more often.