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3 October 2024 | 0 replies
Home prices have been amplified because of the increased costs for builders to actually build a home in the US, mainly:Inflation (materials and labor).Regulatory burdens.Let’s look at both:InflationPrices for everything necessary to build a home - including building materials and hourly labor - are much much more expensive.
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4 October 2024 | 10 replies
That said, if the property you're attempting to finance is materially larger than the properties you currently operate (IE - you're trying to finance a 30 unit building, but have only operated a series of 4-plexes to date), then sometimes this rule gets thrown out the window and you'll still be subject to the "Limited Multifamily Experience Sponsor" re-sizing parameters.
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3 October 2024 | 16 replies
I would strongly encourage getting one with good internet, as a bunch of the tech crowd from Atlanta will rent it out in order to work remote.
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4 October 2024 | 10 replies
But I have a guest coming on 10/12 that is already trying to get a refund because an unnamed storm *may* materialize.
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1 October 2024 | 13 replies
It requires a higher down payment and remote management, which can be harder without a strong team.House hacking with a VA loan is better for hands-on management; DSCR is great if you're ready to start from a distance.From a tax perspective, if you intend to qualify as REPS or have material participation in STR, being overseas will prevent that.
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30 September 2024 | 15 replies
Also, what about internet, trash and security?
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2 October 2024 | 4 replies
Alas - I learned every step of the way about ordering materials, working with contractors, scheduling, insurance issues, etc.
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1 October 2024 | 12 replies
Not an attorney, nor a CPA, and I don't play one on the internet, BUT, things to consider if you would want to run revenue through your LLC...The LLC would need to be tied to the property in some way, either as the owner or manager.
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4 October 2024 | 17 replies
Before entering, it's important to wear protective gear like gloves, masks, and sturdy shoes to protect against hazardous materials, such as mold, sharp objects, or biohazards like needles.
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4 October 2024 | 27 replies
I am not necessarily scared of the age, but more so weary of the cap ex age and building materials.