18 May 2024 | 1 reply
And that's just not the case her and my mom didn't have a good relationship.
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19 May 2024 | 9 replies
The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.
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16 May 2024 | 20 replies
Something that cuts through the noise and provides me with the essential metrics necessary to assess the quality of a potential investment quickly and efficiently.I'm open to suggestions and advice from those who have navigated similar paths.
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16 May 2024 | 13 replies
A well-located / well-appointed property can get $1000+ ADR at 70% occupancy on an annual basis.Deep pockets required though, property prices are high.
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17 May 2024 | 11 replies
It means you paid 50-80% of the expense, and then you received 20-40% back in reduced taxes.
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16 May 2024 | 22 replies
This is a great strategy for high income earners as they can purchase a short-term rental get a cost segregation and slam a huge loss through to offset current years income.
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17 May 2024 | 7 replies
If your goal is financial freedom, you'll need a rental income that can replace your current income and must increase fast enough to outpace inflation.Inflation increases the cost of goods and services over time, effectively reducing the value of your money.
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16 May 2024 | 8 replies
Rates are high, and have been high for sometime now, but don't let the interest rate steer you away if the numbers make sense on the next property.
19 May 2024 | 2 replies
If the fee is too high a magistrate may balk at it.
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17 May 2024 | 8 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.