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Hello everyone,My name is Steve and at 46 years old, I'm looking to possibly start a STR business and while I've been doing a lot of research, I guess I'm feeling a little lost (or maybe overwhelmed is a better way of...
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Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...
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Hi all! So....my husband and I own two rental properties, both of which we were able to purchase with a home equity line. We've owned one for 15 months and the other one for 4 months. Both of which have (very good) te...
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I am listening to podcast 13 with Leon Yang and he made a comment that I would like expanded on. It is something I never gave much thought to but it does need thought. Over the last five years ago our government ha...
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Hello!I own a 5 bedroom 3.5 bath 3,000 square foot home in Rapid City, SD. I'm in a nice location right between 2 busy hospitals. There are a couple of duplexes down the road from us that have an excellent occupancy r...
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I bought a condo a year ago at an auction with cash. I renovated it and now rent it out, it brings in a pretty good dividend compared to having that same money that was just sitting in a savings account. I also alread...
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Hello BiggerPockets,I bought a 4-unit investment property a few years back in the Massachusetts market. Since then it has gone up in value a bit. I want to see if anyone has any opinion on what is the best way to cash...
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I gotta ask. Why in the world do all these goofy commercial lenders use DSCR calculations as part of their guidelines yet so many of them calculate it differently?Why don't the moronic lenders just change the dscr num...
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Hi all,Am i legally obligated to keep security deposits in a savings account? is this only if the property is under an llc or also if it's my name?Thanks!
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Who should I contact for help in structuring a seller financed deal? Situation: I am the buyer. The seller (two brothers as a partnership) has a mortgage on the property and let's assume they only have 20% equity in t...