All Forum Posts by: Jackson Harris

First time investor here that is feeling pretty stuck.. we want to get started in one way or the other with lot of different approaches and advice out there. We hired a tax advisor and were told to get an STR this year to help offset our taxes with the STR loophole... One Cost Segregation Study is included in our package with the Tax team as well and the tax savings would actually help us to get started investing of course. We only have 30-40K down payment and are hesitant about 2 things:

1) Investing into a property purely for STR... we would want to ensure it can still pay for itself as an LTR if need be PLUS ideally we would not invest more than 350-400K. Is there a market out there in which this could work?

2) Using our HELOC to supplement the down payment.. we do have some bonus payments coming at the end of the year we could pay it down plus the tax savings could help us pay it off, so maybe it would be worth it in the end?

Has anyone invested in STR for the loophole reason? Any advice? Any good and bad experiences welcome. 
Thanks a million, Kristin

Wanting to buy a house with my brother to start acquiring houses. He is able to move every 12 to 16 months. He will be living there as he rehabs the property.

I am married, and my wife does not want to have anything to do with acquiring more debt or me being in another mortgage and I live in Arizona a community property state.

These are my questions.

How is a join account seen if is my brother me on it? Would my wife have to be involved if I'm not on the mortgage.

How long would the funds need to be there, to satisfy any lender requirements?

How big of a gift can he receive from me for a down-payment?

Any other ideas are greatly appreciated.

 Jackson, That sounds great. Let me know your availability and let's find some time sir. BTW I'm way over here in Buckeye.

Hello BiggerPockets family! I'm David from Arizona. I’ve been interested in real estate investing since I was a teenager. I’m really interested in owning rental properties. I currently own one property in the Huntsville, AL area. I’m also interested in learning about raising capital to fund my investments.

I am truly excited to learn and connect with you all!

Hello everyone,

I am in the process of purchasing a property in Arizona for short term rental. I was wondering if there is anyone that can provide some advice on property management/contractors or anything associated with having a property out of state.

Hi everyone  new to bigger pockets and real estate.   I am just starting  to do a lot of research,  books and podcasts  learning  as much as I can.  I am looking for single family  or small multi family  properties. Looking  in north phoenix, Cave Creek and surprise.  My goal is long term wealth  and appreciation, but I want to be at least even in cash flow.  I am trying  to find value add properties  to hopefully  fix and  brrr for long term rentals.   From my research  so far it seems like there are no deals right now that will be cash flow positive.  How are people  finding  deals in this market?   Also does anyone know of any local real estate groups or meetups?