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1 July 2024 | 7 replies
They provide several financial spreadsheets, calculators, and other document resources as well.In addition to their Academy, they are more well known for their turnkey business.
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29 June 2024 | 6 replies
Things like this can be relatively low cost low risk propositions if managed well but can set your units apart from others who don't offer these things.
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29 June 2024 | 6 replies
I do very well with the Airbnb income and do not want to turn it into a long-term rental.
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29 June 2024 | 1 reply
Housing demand is up as well, many who rent want to buy.
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27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
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1 July 2024 | 13 replies
The answer is obvious, thus it’s obvious to maximize tax deferral as long as you’re investing the money (and enjoying some of it as well).
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30 June 2024 | 5 replies
It likely will not go well because you are way too late on this.If you were a tenant paying rent would you want to just get a letter from the new owner telling you to get out with no prior conversation or warning?
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29 June 2024 | 2 replies
If there is anyone currently operating an STR on Beach Lake or Sunset Lake, I'd love to connect with you as well if you're willing to chat!
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29 June 2024 | 8 replies
If you have any examples of what you put in your letters, that would be helpful as well!
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29 June 2024 | 27 replies
Well here's what we ran into, David:You by and large need white trim if you're going to do cheap vinyl replacement windows, any sort of easy quarter-round on the floor.