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15 October 2024 | 6 replies
Haven't found much resources on how to structure the deal whether to buy out partner's shares at existing basis (I believe this wouldn't be advantageous as I wouldn't get to mark the asset to market and lose out on depreciation) or open new LLC or S-Corp and buy out both partners (I would end up taking gain tax due to sale but would get new dep. basis).
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16 October 2024 | 0 replies
With this new reality it is imperative that buyers are aware of these expenses prior to submitting offers on homes; they should also be aware of the risk that these costs can appreciate aggressively.https://www.nbcnews.com/news/amp/rcna163853
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15 October 2024 | 8 replies
And yes, we have had to switch floorplans in a few situations, but now from experiance we can avoid lots that we anticipate will cause this issue.
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9 October 2024 | 8 replies
Pretty sure there's no laws that address this.
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17 October 2024 | 4 replies
To me, this is a cost that won't "add value" to your BRRRR, so I would more strongly consider how much it might impact your ability to rent the unit/house.
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15 October 2024 | 4 replies
This will be my first investment property and I'm a little leery about this whole out of state buying process since I've never done this before.
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9 October 2024 | 12 replies
not trying to be discouraging, just realistic.
5 October 2024 | 5 replies
This question primarily pertains to the signed release of information form.
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8 October 2024 | 5 replies
I am trying to figure all that out - is the juice worth the squeeze?
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8 October 2024 | 8 replies
(Trying to skimp on coverage by not telling them you're Airbnb-ing the place will defeat the purpose of insurance if they deny a claim because you weren't truthful.)There are specific STR insurance carriers like Proper Insurance, but most major carriers offer a rider for vacation rental or short-term rental insurance as well.