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21 January 2025 | 2 replies
Basically, there's no free lunch when it comes to taxes.Depreciating property lowers your tax basis.
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15 January 2025 | 3 replies
When I was in your exact situation looking for help, they were the only ones that provided solid answers and walked my wife and I through the full transaction.
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7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.
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19 January 2025 | 8 replies
I would negotiate a price point that is lower - maybe the 10-12% range above "market".
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20 January 2025 | 6 replies
Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.
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18 January 2025 | 1 reply
I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.
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22 January 2025 | 12 replies
The house is in Woodforest though so rentability might be lower as well increasing vacancy risk due to high rental costs.
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16 January 2025 | 12 replies
Doing a 100+ unit deal is totally doable as your first transaction.
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2 February 2025 | 20 replies
Then the prices lower towards the date and you end up booking at a low price or worse just being vacant.I think manually pricing your STR'S is a much better approach.So many people are looking for the next cool software app to buy a subscription to.
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22 January 2025 | 22 replies
A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return.