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15 April 2024 | 28 replies
Meaning if I have a 10 unit building I don't want to lease one unit to STR.
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16 April 2024 | 18 replies
I am happy to assist, I've helped many other Bigger Pockets members purchase and know those communities very well.
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16 April 2024 | 1 reply
Your strategy of converting the garage into an additional dwelling unit (ADU) and using the property for short-term rentals (STRs) sounds like it has paid off well, especially given the unique aspects of the property and its location.Your approach to identifying a unique investment opportunity that was overlooked by others, and your patience in securing the right deal, are key takeaways for anyone looking to invest in real estate.
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16 April 2024 | 0 replies
Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)
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16 April 2024 | 2 replies
I did a 1031 exchange in early 2022 from a single vacation rental I had into two DST's, each are 300 unit Apartment complexes offered by Capital Square.
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16 April 2024 | 0 replies
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?
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18 April 2024 | 12 replies
Ask how many units they manage and how much experience they have.
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13 April 2024 | 21 replies
Starting my journey in Real Estate, focused on buy and hold multi-unit properties in the CT and FL states.
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14 April 2024 | 4 replies
Then have an attorney assist in drafting the needed documents & agreements.My personal preference has been to have one person hold title & the other hold a recorded option or lien position depending on their roles & needs.
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16 April 2024 | 8 replies
All of the units had curtains, not doors, when I bought them.