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30 March 2022 | 19 replies
And lastly, make sure where you work is conducive to getting your R.E. license, or similar, and starting PT DOING deals, in whatever factory or function, without sacrificing your FT income.
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14 April 2022 | 20 replies
I would recommend finding a partner that can function as the boots on the ground investor with experience, and becoming that individuals financial partner on deals.
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8 April 2022 | 34 replies
This might not be possible due to variations in appliances, but maybe swap out your perfectly functioning fridge from your home with his "leaker".
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1 May 2022 | 10 replies
I am sure there is no way to truly know everything that would have to be repaired but in your experience, if you are limited on cash reserves do you focus primarily on functionality rather than curb appeal?
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8 April 2022 | 2 replies
As lender you function like a bank. you can always get your own lawyer.
10 April 2022 | 6 replies
If you are planning to stay in the home for another 2-3 years, and your current appliances are fully functioning, then retaining them is probably the best move.
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9 April 2022 | 3 replies
But for other Airbnbs with a less cohesive brand/ consumer experience I wouldn’t imagine the car actually adds to the home’s revenue … instead it functions as a separate revenue stream altogether.
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11 April 2022 | 8 replies
Sure, certain functions can be automated, but others are going to require fairly frequent interface.I bought my first cabin near Gatlinburg in 2005, right at the peak before the financial crisis.
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28 April 2022 | 8 replies
The property is primarily residential in nature, and less than half of the property functions as a short-term rental.Facts validating that the property is residential in nature:- The property is zoned as residential.- I hold my homestead exemption on this property.- I live at this property throughout 100% of the year.- The square footage of my personal living space is greater than the square footage of living space associated with the Short-Term Rental.Facts validating that the property is not a “bed and breakfast property”:- The property is not zoned as commercial.- Neither breakfast nor any other meals are provided to guests.- I maintain a Short-Term Rental permit with the city for the STR unit; I do not maintain, nor does the city require me to maintain, a Bed and Breakfast permit.This section of Fannie Mae’s Selling Guide is primarily related to the qualification of income from Short Term Rentals, but it mentions the capability of income from a STR unit on the property to be used for a refinance of the property (Can rental income that is generated from short-term rentals be used to qualify?
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19 June 2022 | 28 replies
I personally hate house-hacking because I don't want my tenants to ever be within visual range of me, but I acknowledge it's sometimes the only way to gain entry into what's currently a very expensive market.