Furnished versus unfurnished are two VERY different things!

It will depend on your goals (leave a large inheritance versus spending your money over your lifetime) but your portfolio likely will be generating average returns in the 6-8% range while retired and if you're only withdrawing 4%, even after factoring in inflation you're really not spending down your nest egg.

Hi Dave,The topic is 2 years old which you might not have noticed.Closed at a 7 must have been urban core in a highly desirable area.I am seeing trade at a 9 here with no rent bumps in the primary term.For anyone wondering many tenants are credit tenants.There is a huge difference in that INVESTMENT GRADE tenants are BBB- or higher.The ones below that are considered junk status by many lenders which doesn't make them a bad investment just harder to get financing and more to put down.The dollar stores (there are 3 big brand companies nationally) with other smaller regional knock offs are okay as long as you are not buying in obscure rural locations.The fronts are usually brick facade and the sides are sheet metal.You second and third generational tenant will not have the same per sq ft sales they will leaving you with less of a re-rental return.Having said this I have seen some very nice all brick ones where the city required a certain architecture and look to approve the building permits and process.Those typically run 1 million in price to 1.2 versus the cheaper ones in rural areas at 500k to 800k.

IRS doesn’t allow 1031 on primary so they can’t also take the 2 year primary deduction.Say $500k forever versus $2mm avoidance.  

I want to set up an LLC for the NY property am am wondering if I can just use a new NJ LLC (cheap easy set up and I can be the Registered agent since I live in NJ) versus having to create an LLC in NY.   

Good luck and congratulations! 

Good luck!

Was just going over with my wife both the increase in Occupancy revenue change and the 2023 versus 2024 Marketing spend for this location. 

It also depends upon the CCRs themselves — they can control as to priority — and the date of the assessments in question versus the date of the lien being foreclosed.Way too many variables for an accurate answer across multiple jurisdictions.

Since you have just closed on your first property through RTR can you tell me, were there any differences in the numbers that RTR provides versus the actual?