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13 May 2024 | 1 reply
Can't you achieve $1350/mo or more by turning half of it into a long-term rental?
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14 May 2024 | 13 replies
If I own A duplex and lease it to a management company that rents it out as a short term vacation rental there is no UBIT?
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13 May 2024 | 8 replies
Here is a good forum: https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals
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12 May 2024 | 5 replies
Most of them transition to MTM after the initial term expires if neither party takes action to modify the terms.
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14 May 2024 | 21 replies
So, again, don't take their track record over the last few months, in terms of investor returns.
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14 May 2024 | 16 replies
Personally, we're okay with properties that cashflow decently, but have long term appreciation upside too.
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13 May 2024 | 11 replies
I would like a granite style, but not sure about the other stone options in terms of what would be best.
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12 May 2024 | 33 replies
The new web features on Realtor.com and on Zillow that let you overlay flood, crime, and other stats over the Google street map may be helpful to you as well.
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12 May 2024 | 12 replies
Plan was a long term hold as a short term rental.Step 2 - the plan to fund this project was through the sale of another property and monthly income/savings.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.