All Forum Posts by: Kaylea Blackburn

Currently I am house hacking as a mid-term landlord (list on Airbnb.. renting Jack and Jill upstairs in our home to traveling professionals) we are consistently booked and lots of inquiries. We want to expand our beds. There is a current 3 home deal in the right neighborhood. 3 homes listed for 300k for all three. One is currently rented. Would list the others per room at 750/800 per room. Once all beds are available could rent low end 6k a month (before expense) Might be able to do 850$. Would need to use a home equity line of credit to purchase. Could this be a good deal? How do I fully analyze this? Since it’s 3 homes under one deal I’m not sure how to calculate 

In my case, I am renting as a mid-term rental. Does this make a difference, due to it not being classified as short term?

@Basit Siddiqi I am aware of 280A limits. How would it impact me in this case? 

@Account Closed thanks for sharing the article. Very informative. 

I don’t believe I qualify for the STL. However I do fall under the lower income exception.

I rent half the home to traveling nurses who are booking for 3 month stays at the moment. I am the main manager and spent at least 250hrs on it this year. 

“Limited losses allowed for landlords with modest incomes. If your total income (combined for spouses) is under $100k, you can offset up to $25k of it. If your income is over $150k, you can offset nothing. Between $100k and $150k, the $25k ceiling is phased out in a straight line” 

Maybe bonus depreciation isn’t the right route? 

I am doing some research to explore if you can do a Bonus Depreciation on a home you reside in and rent out (half the home) on Airbnb to traveling professionals. 

And would doing this be worth it / Looking to reinvest return into a new rental property. 

Thoughts? 

Hi,

Thanks for the insights! Knowing that prospecting can lead to results is very helpful. 
We have all the financing set up, closing costs ect., definitely okay with not getting instant cash flow. Planning on living in one side and renting out the other the first year or so. 

Hi,

My partner and I are looking for our first duplex. Planning on using an FHA, may qualify for conventional after this tax season. My question; the current market being what it is.. has made it very difficult to find a duplex and to match offers. Right now there aren't any duplex's for sale in the area we are looking (job and family). Would sending out "prospecting" letters be worth it? I have scouted several possibilities but wanted some advice on how to source a duplex in this area. Also, to find a way to be competitive with offers? Would like to find something by April, have been looking for almost 6 months now and have made 5 different offers.

Thanks