All Forum Posts by: Michael Buska

Hello,

I’m looking for an investor friendly agent to assist a family friend who’s a long-time renter looking to buy their first home in the Rochester/ Pittsford, NY area. (In the pre- approval process, shopping in the 200-300k range & considering buying a duplex or single family.)

Any recommendations would be much appreciated! Thanks!

Hey Everyone,

NJ investor here, looking to buy my first STR in the Orlando/ Winter Park Area in the next few months. Curious if anyone has had success (or failure) qualifying for RE Professional status with an STR, even if not self managing? (My assumption is it may be tough to prove enough material participation if using someone local to manage.)

Two things worth noting:

1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.

2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals.. Not saying I would abandon this if I can't qualify for the material participation, but it is a factor.

Any input is much appreciated!

Hello BP!

New NJ Investor here, focused on building an out-of-state/long distance rental portfolio (personally, I'm gravitating to the Indiana & Georgia markets). Would love to network with some other NY/NJ area investors who've taken the plunge into long distance rentals/ potentially set up some meetups in our neck of the woods.

Hello BP!

Out of state investor here, looking for Property Manager and Realtor recommendations in the Indianapolis and Nashville area. It may be redundant to mention, but I would prefer a Realtor who understands "investor analytics" when it comes to assessing potential deals to purchase. 

Any & all reccomendations greatly appreciated!