All Forum Posts by: Keegan Schaub

Hypothetical situation:

Say someone inherits an IRA - per RMD (Required Minimum Distribution) all of this money must be withdrawn from the account in ten years and is considered taxable AGI.

In order to avoid a pretty large tax bill from the inherited IRA and W2 every year for ten years that person buys real estate property every year in order to offset tax depreciation. Using passive losses or 'paper losses' this person is able to deduct up to 25k every year from their AGI (W2 + IRA withdrawal).

After ten years this person has deducted a total of ~250k and obtained ten properties. 

The alternative is buying no real estate and paying ~24% of AGI every year according to their tax bracket.

Is this a possible scenario? 

Hi everyone, I am looking to purchase my first STR and did some research in the Smokey Mountains area on Airbnb. When I was looking at occupancy rates on Airbnb for a few random listings most of them only had 5-7 nights occupied?Is it the non busy season in that area? I've heard of really high occupancy rates, but when researching for a ‘worst case scenario' when I do purchase a STR, a lot of listings don't have any bookings for the month of February?

I have been in contact with a mortgage lender in the market I am looking at who said the only option is I get a FTE job. Ive also researched a bit into Margin loans and SBLOC from stock but those are a bit too risky. 

Hi Everyone,

I recently received an inheritance and want to purchase my first MFH this year, HOWEVER, I cannot secure a mortgage loan as I do not work full time. I am a healthcare worker working prn ("as needed") contract based through three employers. I work ~30 hrs/wk and make more $$$ than I would if I had a traditional FTE job.... but I cant obtain a mortgage

What are some ideas other than a parent cosigning that I could explore for financing???

I have more than enough funds and a sizable cushion to purchase a MFH but cant secure financing  

Thanks for the input!