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13 July 2024 | 6 replies
Now I've added to wholesaling mobile homes as a revenue stream.
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14 July 2024 | 16 replies
These are real costs that hit your bottom line whether you like it or not.The biggest mistake I see from new investors is taking the revenue and minusing the mortgage payment and calling that cash flow.
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13 July 2024 | 21 replies
The opportunities are suggesting me to bring the rates even further down, even though the strategy is set about mid-way in the revenue range.I did make a few adjustments to the pricing though, so I'm curious to see if the search impressions move around at all.So I take it that VRBO actually doesn't boost new properties by a little bit automatically?
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13 July 2024 | 6 replies
Mind you, all of my properties are worth more than their appraised value now, but during the Recession the City Manager got the bright idea that the way to easily raise revenue was to raise the appraisals, and they ended up higher than the resale value of those properties.
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13 July 2024 | 13 replies
@Lawrence Adair PM me the address and I’ll get a you a revenue projection for it as an STR.
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12 July 2024 | 12 replies
My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.Our Starting Point (Conservatively)- Located in Camarillo, CA- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k- Current W2 monthly income after taxes: $7k- Side hustle 1 income: $200 month ($200 in profit)- Side hustle 2 income: $1400 revenue ($0 profit) - debt at 29k- Current debt: $47k (Auto: $29k Student Debt: $18k)*the auto loan doesn’t show on our credit for some reasonHow would move forward in our situation?
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13 July 2024 | 10 replies
This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""
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12 July 2024 | 2 replies
Those people get excited about creating an awesome guest experience, they love to nerd out about revenue management, photography, staging, and other parts of the business so they get really really good at it, and they have jobs that allow them the time to manage themselves (and this doesn't have to be a lot of time btw).
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12 July 2024 | 15 replies
I marketed this property as a business - as it brought in 155K in gross revenues , could go to 180K with some extra work.I see many people who got into the airbnb game 3 years ago trying to unload now, almost at cost.
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12 July 2024 | 7 replies
(But it wasn't apples to apples.)I looked at AirDNA's data recently and don't disagree with their broad picture but again, people here know that the details and other factors can tell a different story and bring success for some in the same area (comparables) and loss for others.I'm all about reducing risk and my read on climate data and global economies (& yes, politics) incline me toward continued investment in properties that have multiple channels of revenue, above a certain latitude, and more upscale.