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23 February 2024 | 16 replies
@Kathy Kifer can’t you potentially book a 30 day stay during that gap?
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23 February 2024 | 13 replies
I’d like to reach more potential guests and see if I can boost the occupancy.
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23 February 2024 | 4 replies
Not great given the lows we are at already.True, so far 2024 is looking like a potential turnaround year to makeup for the 2022 housing recession, as long as inflation and labor markets act right.
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23 February 2024 | 15 replies
.$3,900 return cost.It likely takes maybe 5 hours to potentially prepare your return and maybe 2-3 hours for someone to review it.This means that you are likely paying close to $500 / hour for return preparation.$6,000 for strategizing supposing you have a monthly 30 minute phone call is $500 an hour.If the cost is $10,000, and your tax rate is 35%, they would have to decrease your taxable income by atleast $30,000 for the cost to justify the cost.
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24 February 2024 | 9 replies
The Midwest seems to be the theme when it comes to cash flow and I also believe it holds a ton of potential for appreciation if you do it right.I now have 14-doors in Detroit and I stay extremely active in the market outside my own investing.
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24 February 2024 | 11 replies
It costs you vacancy, fresh paint, new flooring, potentially other updates.
22 February 2024 | 7 replies
More energy efficient since the window is mainly closed, and quieter since the mechanicals are outside and separated.Hope this helps.
23 February 2024 | 65 replies
So, for a $300,000 investment property, you might be looking at potential tax savings ranging from $45,000 to $90,000 in the first year.
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24 February 2024 | 13 replies
Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.
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23 February 2024 | 10 replies
It's your job as a landlord to pre-screen potential leads (gross income, credit score, evictions or not, etc) and then only schedule showings for those people that meet your screening standards.