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4 August 2024 | 1 reply
I am considering $300 night rate with 60% occupancy which translates to $65k revenue per year from each A-frameAfter considering expenses $50k for each A-frame or $100k for 2 frames.I have some questions about this strategy:Did you try to get STR permit/construction permits in this area?
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5 August 2024 | 3 replies
Presently traditional banks construction debt will be WSJ Prime +.5-1% which is only 2-3 points higher than where most Alt lenders are. A
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7 August 2024 | 32 replies
Withdrawal Scenarios:Scenario 1: Withdraw everything today at age 40, resulting in a 35% loss to penalties and taxes.Based on the little information, I think you are under-estimated how much taxes / penalties will be taken out.Your profile mentions you are a resident of Brooklyn which is located in NYC.NYS / NYC taxes is taxed at around 10%+ for middle income earnersPenalty is 10% at the federal levelFederal taxes for middle income earners is 24%Given the 3 numbers of 24% + 10% + 10%, you are closer to 44% instead of 35%If you are above a middle income earner, the tax rates can behigher.With that said, I took out all my retirement income and put it in real estate.
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4 August 2024 | 30 replies
@Chris Seveney this is your area of expertise
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29 July 2024 | 8 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
4 August 2024 | 2 replies
We are a family of 4 (45/40/6/9) in Bergen County, NJ and interested in buying a beach front condo in Wildwood Crest, NJ.
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6 August 2024 | 14 replies
It's important to consult with a tax advisor or real estate attorney for personalized advice, as this is a complex area.
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4 August 2024 | 12 replies
Our wishlist includes a view or access to the ocean for surfing and at least a nearby marina or launch for a boat, although our initial target area is in Rincon.
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6 August 2024 | 29 replies
There are a number of horrible agents I know (some with questionable ethics) that have cultivated Zillow reviews and can show 50 five start reviews, while some really good agents don't look well on Zillow at all, simply because they don't pay for Zillow and consequently do not cultivate the plattform.
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5 August 2024 | 7 replies
We're in the middle of low season with an average booking window of 30 days so I'm not expecting a lot of tangible performance improvements until early September.Re: Revenue management, is there anything I'm missing to improve this area?