NaniKan Deravo
First time rental property investor from CA
7 March 2024 | 8 replies
Tax Benefits: Real estate investments offer a variety of tax benefits, including depreciation deductions and the ability to defer capital gains through 1031 exchanges.
Alexander Szikla
Broader Rental Markets Cool Off NYC’s Rental Housing Crunch Hits 50-Year Low
6 March 2024 | 2 replies
Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.
Jessie Dillon
For Female Investors: Can't Rave Enough About The WIIRE RETREATS!
5 March 2024 | 7 replies
If you haven't heard of WIIRE (women invest in real estate), it's a mostly-online community created by @ameliajorei and @grace.investing (instagram handles).
Jacob Lockard
Looking for advice to either continue my STR or sell
6 March 2024 | 22 replies
I'm sure there are things I'm not considering and would appreciate your feedback.Here are some additional details about the home and financial situation.Location: Atlanta, GeorgiaMortgage: $5513/mo @6% interestZillow Rental Estimate: $4966Current Mortgage Balance: $716kZillow Home Value Estimate: $825-1.02mAirDNA Information:Projected Revenue: $82.7kAverage nightly rate (as entire home): $347Occupancy: 65%Projected Operating Expenses: $41kManagement Fee: 20% - $16500Lodging Tax: 5% - $4134Property Tax: (included in mortgage escrow)Cleaning Fees: $6600Maintenance: $3400Insurance: $5200Utilities: $5172Projected Monthly Income: $6891 - $5513 = $1378Projected Expenses: $3416 /moAfter Expenses: -$2038 / moHere are my listings:https://www.airbnb.com/rooms/796636182229405398?
Lorraine Hernandez
Wholesaling Tenant Occupied Property
6 March 2024 | 3 replies
We include a clause in our contract stipulating that closing is contingent upon tenants vacating.
Spencer Tillman
Networking advice for BP
6 March 2024 | 4 replies
Here are a few of the most common moderation concerns that our team encounters:-No Contact Information is Allowed in the ForumsIf you want to include your email address, website, or phone number for people to contact you, please put this information in your Signature.
Craig Jones
Personal umbrella / STR
6 March 2024 | 7 replies
I have been working on a insurance evaluation for everyone here and I will look at including this info in the post...once I can get ANY insurer to get back to me...
Mohan Deep
How to bill tenant for their water usage after they move out
6 March 2024 | 5 replies
Your future leases should include that this is your process.
Paulette Midgette
Personal Property Tax Return County of Horry
6 March 2024 | 10 replies
@Paulette Midgette I just replied on the other thread you created.
Daniel Bernstein
Mortgage wrap deal
6 March 2024 | 4 replies
Lennar is either 1 or 2 in size in the US DR Horton is the other.. they are production builder so yes quality is not their hallmark.. price is .. 2. wrapping the mortgage could certainly create an event of default with Lennars lending arm. there by trashing your credit. 3. if your buyer stops paying you have to keep paying and foreclose and hope they have not trashed the home when you get it back.. like all things creative finance wise sounds great on paper and is great if it all goes perfect but lots of things can fall apart if things do not go right.. so what is your fico score worth ?