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6 March 2024 | 2 replies
But here is what blew my mind when reading this, but I know very smart people who fall for this all the time: It is the "“Too good to be true” syndromeHere is some excerpts:Kapoor’s alleged incentives included a contractual promise to pay the investors quarterly no less than a 7 percent return on investment that would begin when deposits and purchase contracts were signed, the lawsuits allege.
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6 March 2024 | 10 replies
Leaving me with a payment including taxes and insurance of about 1600 a month for another 30 years.
6 March 2024 | 0 replies
This includes individuals affected by disasters, those living overseas (including military personnel), and eligible support personnel serving in combat zones.In conclusion, while filing for an extension can provide breathing room for completing your tax return, it's crucial to remember that it doesn't grant an extension for making payments.
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5 March 2024 | 4 replies
Focus on performing your day to day operations in a manner that will reduce the risk of claims in the first places such as hiring reputable service providers, sign contracts each time you engage a 3rd party vendor & collect insurance certificates where you are listed as additional insured from everyone who performs work on a property you own or provides a service related to a property you own.
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6 March 2024 | 5 replies
Costs us about $160 a year and includes filter changes.
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6 March 2024 | 22 replies
I'm sure there are things I'm not considering and would appreciate your feedback.Here are some additional details about the home and financial situation.Location: Atlanta, GeorgiaMortgage: $5513/mo @6% interestZillow Rental Estimate: $4966Current Mortgage Balance: $716kZillow Home Value Estimate: $825-1.02mAirDNA Information:Projected Revenue: $82.7kAverage nightly rate (as entire home): $347Occupancy: 65%Projected Operating Expenses: $41kManagement Fee: 20% - $16500Lodging Tax: 5% - $4134Property Tax: (included in mortgage escrow)Cleaning Fees: $6600Maintenance: $3400Insurance: $5200Utilities: $5172Projected Monthly Income: $6891 - $5513 = $1378Projected Expenses: $3416 /moAfter Expenses: -$2038 / moHere are my listings:https://www.airbnb.com/rooms/796636182229405398?
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5 March 2024 | 11 replies
For example, if you dedicate enough time to real estate businesses and real property trades, you may qualify for the real estate professional tax status which is potentially a great way to reduce high W2 taxes.
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6 March 2024 | 0 replies
You run the risk of turning off potential buyers and prolonging the sale process by pricing your property too high.To price your property competitively, follow these tips:Research the local real estate market to determine a fair price for your property.Consider hiring a professional appraiser to determine the true value of your property.Be willing to negotiate with potential buyers to reach a mutually beneficial agreement.Rather than reducing the price first, consider giving them other types of concessions.Remember, most listing sites have ways to filter properties by price.
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6 March 2024 | 4 replies
Here are a few of the most common moderation concerns that our team encounters:-No Contact Information is Allowed in the ForumsIf you want to include your email address, website, or phone number for people to contact you, please put this information in your Signature.
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6 March 2024 | 2 replies
Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.