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9 February 2024 | 20 replies
But there are a lot of us who are single people (not corporations) who bought property and poured hundreds of thousands into it - (yes my husband and I spent a ton creating a triplex out of a single family on an R4 lot before he died of COVID) to make a great property specifically to short term rent.
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9 February 2024 | 2 replies
If you have specific questions or need advice on a particular aspect, feel free to ask!
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10 February 2024 | 21 replies
The BP Brandon Turner multi family book is a good read for that... some of the content that could be useful to you is calculating your cash flow, specifically running through the various expenses an investor has and the different types of financing and the limitations of each of them.
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9 February 2024 | 3 replies
I'm specifically looking for turnkey starter family homes with at least 3 bedrooms and 1/2 baths – the kind of place I'd happily rent out if I were starting a family there.
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9 February 2024 | 10 replies
Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).
10 February 2024 | 21 replies
I'm not sure what your specific numbers look like, but if your gain is within those bounds, taxes should be minimal.2.
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7 February 2024 | 8 replies
(1/26th of a year so that would cover $1,300/yr)Just ask for a massive deductible with the least coverage available. $10k deductible with $50k limits and no add ons.
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8 February 2024 | 2 replies
Real Estate Crowdfunding: Use online platforms to pool funds from multiple investors for a specific project.
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8 February 2024 | 7 replies
We have already reviewed most of these but there is a new kid on the block, tax depreciation:Cash flow + rent increases over timeNatural appreciationPrinciple pay down of mortgage + increases over timeForced appreciation through a renovationTax benefits to renting-out a home: tax depreciation (you get to deduct 3.6% every year of the value of the home structure, for 27.5 years!)
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9 February 2024 | 18 replies
The only times we open more than 6 months out is if we are seeing a lot of inquiries come in for specific seasons, or large rentals that hold 14+ occupants (these typically are rented out further in advance).