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28 February 2024 | 2 replies
Our goal is to (eventually) have a second property where we can spend time at our retirement, and that can generate some income as a short-term rental for a portion of the time when we're not using it.
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27 February 2024 | 14 replies
I can't order furniture, set up moving dates, or advertise for roommates.I'm also undecided on whether I should pursue STR/MTR/LTR options. (5 minutes away from groceries, 15 min drive to DT Seattle, <30min bus to DT Seattle)Do you have any advice on what steps I should take leading up to the closing date, which is just 2 weeks away?
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28 February 2024 | 8 replies
This building will have 8 apartment units, 5 short-term rental units, and 2 office spaces.
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28 February 2024 | 2 replies
You can contact other lenders, and do things like DSCR , but they will be more expensive in the short and the long run.
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28 February 2024 | 2 replies
So I guess the most important questions would be, are you planning on renting it out to an RV owner short or long term?
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29 February 2024 | 6 replies
The rehab must be certified by the National Park ServiceA “certified rehabilitation” means any rehabilitation of a certified historic structure which the National Park Service has certified to the Internal Revenue Service as being consistent with the historic character of such property or the district in which such property is located.In short: no, it's not as easy as writing off 20% of any rehab that you do on some old building.
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28 February 2024 | 9 replies
My question(s) are besides getting a new lease agreement in place what else should I be taking care of immediately and/or in the short term.
28 February 2024 | 4 replies
He told me to do it and get it to him or have my landlord call him. he then said "I am the neighborhood HOA LEAD along with my neigh and complaints go through them and they decide if a fine is warranted or considered petty and then waived by them".
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28 February 2024 | 1 reply
Tax considerations involve a lot of personal, specific considerations so you are on the right track going for a CPA (make sure they are familiar with income properties and short term rentals).STR is a business and involves "active" income versus "passive" income associated with typical long term rentals.A few general things:1.
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28 February 2024 | 0 replies
To earn passive income through house hacking, investors should ensure the rental income exceeds the expenses associated with the property.5.Short-Term RentalsShort-term rentals such as Airbnb can be a lucrative way to generate passive income, particularly for those with properties in desirable locations.