Noelle Debruhl
STR taxes on AirBnB and VRBO
17 March 2024 | 13 replies
Massachusetts requires that *all* STR platforms collect both city and state STR occupancy taxes and remit them to the state monthly.
Robert Kvalheim
Lance Edwards No Money Down Apartment Buying FRAUD
19 March 2024 | 11 replies
I'll probably call my credit card company and tell them they defrauded me and refund me money to cancel the transaction since they are not providing the service they promised they would. any other course of action recommendation from bp members would be greatly appreciated?
Ryan Shekell
Card or Coin operated laundry
19 March 2024 | 1 reply
I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay for utilities.
Luis Astudillo
Metro Flippers Investments Lender
20 March 2024 | 18 replies
They provided me with a great opportunity to begin my first Fix and Flip.
Josh Ricord
First Post College Investment- FHA 203K House Hack
19 March 2024 | 24 replies
It sounds like you have a solid plan in place, and I'll provide some insights and advice based on your questions:Maximizing Investment Longevity:It's a smart move that you're house hacking with an FHA 203K loan, remodeling for appreciation, and then refinancing to extract equity for other investments.
JD Martin
Realtors Association agrees to settlement to eliminate fixed fees
19 March 2024 | 30 replies
So they provided much more value than they got in commissions in my experience and set me up for success in my investing career.
Sanjeev Advani
15 Undeniable Reasons It's Time to Sell Your Investment Property
19 March 2024 | 0 replies
High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.
Mica Moore
Property Management Company choose expensive vendor without approval
20 March 2024 | 11 replies
Your cleaner may have had a whole team there working on the house, especially for a conversion from residential to STR.bottom line, the rate is not unreasonable if a deep clean was provided and done correctly.
Tony Herrera
New Real Estate Investor
17 March 2024 | 20 replies
Keep your mind open to new ideas, persevere, and utilise the plethora of information and tools that BiggerPockets and similar platforms have to offer.
Adam Eckhoff
how would YOU invest $100k?
19 March 2024 | 12 replies
We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.