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10 April 2024 | 10 replies
Banks have different requirements.
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10 April 2024 | 11 replies
This applies to properties used for the production of income, such as rental properties.However, if you initially declared your property as an STR (which typically falls under different tax rules), you might have been using a depreciation period of 39 years, which is common for non-residential property or property used for personal purposes.When you convert your property from STR to LTR, it's considered a change in use for tax purposes, and you would adjust your depreciation schedule accordingly.
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10 April 2024 | 11 replies
That's what I'm getting at.Yes I understand how different "characters" of income are taxed differently.
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9 April 2024 | 24 replies
Actual cashflow vs spreadsheet cashflow are two very different things.
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10 April 2024 | 17 replies
I don't think there will be a difference in quality from 2-3 night minimum.
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9 April 2024 | 6 replies
One way might be to talk to some of your past customers, and ask them what features attracted them to the house, and what features they found neutral, and what features they wished were different.
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9 April 2024 | 4 replies
I would not value that any different that a single family - not until its a true commercial though.Check that its a LEGAL 3 unit (you can see that on the county website), and your also get some other insights to the property as well.I agree with #Eric E. that the seller is looking for a sucker...
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9 April 2024 | 3 replies
Will I get the same ARV or different since the 1 house is across from commerical ...Any thoughts????
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9 April 2024 | 7 replies
Another plan is a 90/10 split with a few other differences.
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9 April 2024 | 3 replies
I heard this terms in a BP podcast and reaching out to see if anyone can explain how a rent to purchase is structured legally and the differences between the two.