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8 May 2024 | 5 replies
Check with a tax professional, but if you have lived in the home for 2 of the previous 5 years, you may not owe any capital gains tax, and so a 1031 is irrelevant.If you didn't you may want to wait.If you do go ahead, read about 'mortgage boot'.
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10 May 2024 | 2 replies
These tenants were properly screened, passed background, credit checks, employment, etc.
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10 May 2024 | 12 replies
Upstate CREIA (check our website) has over 600 members here in Greenville and as far away as California.
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9 May 2024 | 3 replies
This is definitely something to speak to your accountant about
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10 May 2024 | 3 replies
I prefer they mail a check and they do 90% of the time but if they really push the issue I use the previously mentioned methods.
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9 May 2024 | 5 replies
It is a specialized accounting software specifically for short term rental hosts.
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8 May 2024 | 26 replies
Take into account: bedroom and bathroom counts, square footage of the unit, whether parking is included, whether laundry in in-unit or not or nonexistent, central air vs. window units vs. nothing, and the general condition and age of the interior.Good luck!
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9 May 2024 | 3 replies
When you account for the FRBO's and companies such as mine that do not use MLS for listings, then there are a lot more rentals on the market.
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10 May 2024 | 6 replies
After you pay out a few of those checks you will have a group of people looking for houses for you that you only have to pay when they are successful.
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9 May 2024 | 4 replies
The key is to make sure there is enough cash flow in the portfolio and enough reserves in the account for capital expenditures.I believe house hacking a primary residence is the best way to generate wealth.