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8 February 2024 | 11 replies
Should I just rent for a year (or 6 months) in St pete and see what areas I like and see how I like it in general or eat my tax bill for 2023, be able to show more income and try to buy something in st pete?
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9 February 2024 | 20 replies
This doesn't cap the number of STRs, but would eat in to the potential cash flow a buyer could get from a short-term rental.
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8 February 2024 | 8 replies
Here are some considerations for both options to help you make a more informed decision:Option 1: Sell the HousePros:Immediate liquidity: Selling the house can provide you with a lump sum of money immediately.Eliminate financial strain: If the property has been a financial burden, selling it could relieve you of the ongoing stress and financial obligations.Capital gains: Depending on how long you've owned the property and the real estate market conditions, you might realize significant capital gains from the sale.Cons:Capital Gains Tax: If the property has appreciated in value since you bought it, you could be liable for capital gains tax, which could eat into your profits.Loss of potential future appreciation: Real estate generally appreciates over time.
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9 February 2024 | 22 replies
@Vi Prichwell, not sure what are your taxes and insurance, but I'm guessing that eats into your remaining rent pretty well...If you are fearful of the rental market and don't want to continue being landlords, go ahead and sell.
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8 February 2024 | 9 replies
California for example taxes, HOA's, Sale prices all seem to eat any cash flow right out of the gate.
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8 February 2024 | 5 replies
Turnover costs $$$...sometimes a lot of $$....and can eat that bump in rent for a LONG time.
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7 February 2024 | 13 replies
It'd be good for a long-term hold but eating $500/month sucks.
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7 February 2024 | 11 replies
@Patrick Lee You are the reason why Attorneys eat well!
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7 February 2024 | 5 replies
They'll eat out quite a bit with their barnmates for dinner, but will likely do breakfast at home and pack coolers to keep at the showgrounds for lunch.
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6 February 2024 | 9 replies
This will eat into your estimated occupancy.Regarding 4-plexes - I manage several.