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Everything posted by Augie
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Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
I’m looking at condos in downtown Sarasota. Watch out for the fees! They have monthly HOA fees around $1,200 and quarterly Association fees of about $3,500. These are 1,300 SF units with 2 BR. That’s before taxes or your personal insurance. In a place like Hilton Head you may be in a “plantation” or gated community. That adds a Master Association fee on top. I’d LOVE a place in downtown Sarasota, but that is just insane. At least there is no state income tax. 🤷♂️ -
Oh, it’s twoo! It’s twoo! It’s twoo!
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The Hunt For Red October.
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Jordan Phillips back with Bills 1 year deal
Augie replied to Royale with Cheese's topic in The Stadium Wall
You’re no YOLO, but I guess you’ll have to do. 😋- 205 replies
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I make fun of action movies when they try to sell me on cars flying thru the air…..but there it was. EDIT: To hear there were only minor injuries is an absolute miracle. .
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NFL Network layoffs begin, ESPN layoffs expected
Augie replied to dpberr's topic in The Stadium Wall
I’d LOVE to see Stephen A doing the local nightly weather. You could get 5 minutes of that that would crush SNL!!! -
I like the mute button on the TV, but I really need one for when my wife thinks I’m snoring.
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NFL Network layoffs begin, ESPN layoffs expected
Augie replied to dpberr's topic in The Stadium Wall
You’re on thin ice there, buddy! I may look into having my central vac system blow directly into your house. You will think you live in a snow globe! -
NFL Network layoffs begin, ESPN layoffs expected
Augie replied to dpberr's topic in The Stadium Wall
Covid is the reason we didn’t get a dome. The world knows that. Just sayin’! 😋 It’s funny, but when we all hunkered down it was about being entertained at home (lots of streaming)…and puppies. People figured I’m going to be home, now is the time to get a dog and train it. We were already on the list for a pup and our breeder said if he had 100 puppies he could have sold them in a weekend. I don’t want anyone to lose their livelihood, but I try to avoid Booger just as much as Stephen A. I never liked him, but he strongly agreed with the Cody Ford crack back block penalty in the playoffs. The call the league later apologized for. Since then I’ve been waiting for him to say something intelligent. Still waiting. -
Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
One call, that’s all! 😋 Yeah, he’s not your guy either. -
Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
Yes. Some real estate attorneys also try to create a niche with 1031 Exchange practices. It’s not super common, but it’s not obscure either. You’ll probably want a closing attorney who has done it before. -
NFL Network layoffs begin, ESPN layoffs expected
Augie replied to dpberr's topic in The Stadium Wall
The remote control in my hand says I don’t have to watch that movie. -
NFL Network layoffs begin, ESPN layoffs expected
Augie replied to dpberr's topic in The Stadium Wall
OK, if that makes you happy. I’ve learned to completely ignore him. I’m not a fan of people screaming at me in general, so I avoid ESPN as much as possible. He’s the worst of the bunch, IMO.- 144 replies
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Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
Do your homework on a 1031 Exchange (mentioned above, I believe). You get to avoid taxes on the gain from the sale of the old property if you flip it into a new investment property. I won’t go too deep, because I know just enough to get you into trouble, but it can help you avoid tax implications if you do it within the time limit. It would be worth knowing this before you do anything, just in case. . -
It just goes into the estate. You can’t discriminate based upon age. That credit life insurance is just for shorter term consumer loans. I did a car loan for a little old lady one time. A week later her car is shown in the local newspaper half inside a retail shop. She got in the car and put it in drive instead of reverse, then hit the gas. I only want to get so old.
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Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
You can tell the rental company what days/weeks you want to block out. You get first dibs, unless you buy a place subject to leases already in place. Then? You just get to keep the rental income. That’s okay too! (Deposits can be negotiated.) -
Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
Not really sure what you mean by the question, but every situation is different. How far in advance? How long can you stay? TOO long is never an issue if you can get a rental permit in the first place. Certain developments have restrictions, and rental companies (on-site or external) have their own expectations. People going to Hilton Head book their summer trips early in the year. Some have repeat customers every year. -
Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
We used to live in Hilton Head and go back probably 2 out of 3 years. We usually stay around Harbour Town in Sea Pines. It makes me look on the Sea Pines Real Estate website at the calendars for rentals. This time of year they are already booked well into the fall. Like, it’s hard to find anything in most areas and especially the area we want. The way they rent always amazes me, and we’ve been tempted at times. EDIT: Meant to start with GOOD TENANTS ARE GOLDEN! . -
Technically, that might include you as I see it! We are as good as in-house as you get! It’s not like Beane to go into a draft NEEDING something. This feels odd, because I don’t know who on the roster can fill that position. I don’t know what to expect.
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Sure, it sounds like a bad idea, but they make up for it with volume. I remember a guy years ago asking “you know, I’m 85 years old, and you just gave me a 30 year mortgage. Does that seem like a good idea to you?” 😂
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Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
FWIW - https://atlantaagentmagazine.com/2023/01/16/atlanta-ranks-no-9-on-zillows-hottest-markets-for-2023/?utm_campaign=eem-newsletter-february-2023-(quick-send)&utm_content=extraordinary-living-e-newsletter_body-feb2023%2ejpg&utm_medium=email&utm_source=activepipe -
Just curious, is your screen name meant to be ironical?
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Short term vs Long term rental investment properties
Augie replied to Royale with Cheese's topic in Off the Wall
I don’t see ATL as a great short term rental market. I mean, why? Few people come here to vacation for a week. People are mostly here for jobs, and we have more apartments than anywhere I’ve ever lived. But I see it as solid for a long term rental market because people are here out of necessity. Our highs are not as high, but our lows are not as low for real estate in general it seems. Investment properties and 2nd/3rd homes seem to have a more volatile market with bigger swings. The beaches and the mountains are where people go for a long weekend or a couple weeks at the right time of year. We’ve spent part of our summer in Blowing Rock, NC for the last few years. It’s easy for us to get a rental that will take the dogs to get away from the summer heat. The elevation there is much higher that North GA mountains (like double at about 4k feet) so it’s much cooler in the summer. PLUS, Blowing Rock and Boone (home of Appalachian State) have strong winter rentals for the skiing crowd. Great for the fall foliage crowd too. Blowing Rock is a charming little town, and Boone has a nice college town vibe only about 15 minutes away. I think it’s about 5 hours from where I live. Do your homework, and consider all the options. FWIW, I’d consider staying with the long term rental until rate hikes filter down to the market, especially the “resort markets”. There is a project where we rented our last year in Sarasota. We had sold our house but decided to let our son finish high school before moving. I still follow this project and others as I’d like to get a place there at some point. NOW is not that point IMO, but we may be getting closer. Many hundreds of houses in there, and 6-12 months ago there were only 1-2 listings at any given moment, and they got snapped up ASAP. I just looked, and they now have 11 listings, most of which have been reduced in price already. Do your homework now, but let the market work for you. Buy low, sell high. Don’t be in a rush “just because”. A ton of factors to consider, like when is best to sell in ATL (which is rated as one of the strongest markets over the next year, I’ll look for the article). These are just a bunch of thoughts, not really advice. Too many unknowns.