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1 May 2024 | 7 replies
Yes, I highly recommend you check out Baselane!
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29 April 2024 | 4 replies
My plan at the moment is to live at uncles house to save money, finalize things I need to do in my location and find an apartment that has a short term lease of 6 months in Dallas.
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30 April 2024 | 27 replies
Lack of experience or qualifications, poor communication skills, Inadequate screening processes, lack of transparency in fees and charges, negative reviews, high turnover, lack of proper accounting/financial management and unprofessional behavior to name a few.
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3 May 2024 | 30 replies
I have a W2 job in a high tax bracket, but we are planning on owning Airbnb’s that my wife actively manages along with her working as a real estate agent...Our goal was to have her materially involved so that we could write off potential losses against my W2 income.
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2 May 2024 | 12 replies
but all the other sales went through as this was the only one that someone who lost the sale litigated and in CA were its almost all bare land it would be very rare unless its a very high dollar property.. back story on this one it was a property that was the center of a 400 acre new age church .. they had bought the property sub too back tax's and did not think they had to pay them as church's are exempt from property tax..
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29 April 2024 | 5 replies
The rising costs can erode profit margins, make renovations more expensive, and increase holding costs.
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1 May 2024 | 14 replies
Unless its a fixer upper if you make high cashflow out the gate it's likely to have high turnover.
1 May 2024 | 7 replies
Any pointers on how should I run numbers to compare two cases.Case 1: Rent home A, Buy Home B @7.5%, with potential refinance at 3.5-4% ( ifff thats feasible ) after 2 years, once the rates are down. ( i know high hopes , but I dont think 7.5% is the new normal ).Case 2: Sell the home, get equity out, pay the whole equity ( dont know if thats wise ) towards downpayment of home B, reducing loan amount to approx 320k.
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2 May 2024 | 20 replies
Appreciation is just the cherry on top.The last few years Toledo somewhat caught up with appreciation but I believe we are capped now.It's a slow moving market and always behind the rest of the country.There is just not enough demand/infrastructure growth like in other markets to support continued appreciation.Historical data shows the Toledo market appreciating at the pace of inflation which is nothing to brag about hehe.IMO, it's a cashflow play and you should consider building a larger portfolio because it will be safer.Owning 1-2 properties can be a "hit and a miss" and really not the providers or PM's fault.There is a high likelihood of turnover so it's important to build a larger portfolio.If you experience "drama" on 1 or 2 properties, the other 4-5 are performing and can subsidize any losses incurred on the few that temporarily aren't performing.Wishing you much success
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29 April 2024 | 2 replies
If their earnings jump 10 percent, the stock price will likely rise 10 percent, again, reflecting a 15X multiple.In 2020-22, we saw vacation rental earnings skyrocket from their norms - some 2 or 3 times what they did in 2019, and the sales prices followed suit and went up by 2 or 3 times.