I believe there is huge potential for this property.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.i’m potentially purchasing a 3 bedroom, 2 bath property which i will STR + also live in part-time.ideally, i’d like to have:*a king bed in the master bedroom*a queen bed in one bedroom*a queen memory foam pullout sofa in the third bedroomthis would be a 3 bedroom that sleeps 6this is my preference for:*general look of the house / not a house full of beds*number of guests/noise/cars*septic*would allow me to create a cute ‘chill out’ space in an extra bedroom-sized nook elsewhere in the house, which i think would be appealing to travelers.

Lots of potential.

Though, keep in mind that HELOC rates can fluctuate with the market, potentially exposing you to higher interest rates down the line.On the other hand, a cash-out refinance could lock in a fixed rate, providing stability/predictability in your monthly payments.

By "partial" I mean renovating the kitchen and bathroom, painting the place, re-tiling the floor and maybe adding some smaller features that can make a difference to prospective buyers, such as new A/C units, new internal doors, or maybe even sell the place furnished (home staging is not really an option here); with no or minimal demolition, and hopefully without electricity or plumbing issues.

Posing as homeowners, investigators called potential suspects to solicit bids on interior painting, flooring, concrete, and fencing.

Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.

I did however work closely with New Western, which I would recommend any of their agents and their database to anyone looking for potential deals.

I recommend finding a great buyers agent that enjoys working with buyers.