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21 February 2024 | 24 replies
A few cities in Denver actually allow non-owner occupied vacation rentals (pure investment STRs), and then there's Parker, alone in its outright ban of them.MTRs are an interesting choice.
23 February 2024 | 65 replies
If you are the sole owner of the LLC, the IRS treats it as a "disregarded entity," and the income flows through to your personal return.Lastly, it will make sense to speak to a tax accountant or tax professional that can tailor advice specific to your situation and laws applicable in your area.Thanks for writing and feel free to reach out with any further questions/concerns.Regards.
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21 February 2024 | 45 replies
With median sea level rising even areas with waterways not considered flood plain could flood and if owners do not have flood insurance they could be SOL.Lots of cold belt states areas are overbuilt since net migration they have had populations move away.
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20 February 2024 | 15 replies
OR to HI is a common theme, actually a lot of overlap of seasonal owners that go between.
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20 February 2024 | 5 replies
STR owners across the state are breathing a sigh of relief as the Arizona Legislature "declined to consider" the issue of STR regulation during the current legislative session, according to a report in The Arizona Republic today."
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20 February 2024 | 2 replies
I have had recent success by looking up addresses using the city's tools and contacting the owner.
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20 February 2024 | 7 replies
Once I get in contact with property owners, I have no way in Propwire to actually make notes on what was discussed, callback time, etc.
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20 February 2024 | 7 replies
Your best answer instead of guessing is to simply get to know the owner as best you can and ask as many questions as you can.
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20 February 2024 | 8 replies
This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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21 February 2024 | 8 replies
This guru/owner of this academy seems to have definitely had past success in the real estate market, and I am not clear to whether they are still active in the market because they have built two other businesses they seem to be focused on, I would assume to actively get out of the market and create something else instead.