All Forum Posts by: Mike Hansen

Would it be situation based to determine if a cost seg is worth it when not having REPS or utilizing the STR loophole? It was my understanding that when rental income is in the passive state, one could only write off a max of $25K

Quote from @Travis Biziorek:

Hey Genesis, congrats on looking for your second rental.

I'd highly recommend throwing Detroit on your list of places to check out. It's near most Ohio markets but is far less saturated. It's also seen some stellar price appreciation with the median price doubling in the last 5 years.

I own 12-doors there myself and live in California.

Travis, 

if you don’t mind me asking, what brought your attention to the Detroit area?

 Samuel, would you be willing to share that with me? Been entertaining the idea of investing in Dayton but I’ve only ever been there a couple times for military training. 

Hello everyone. Active duty military and New here to BP while still considering myself new to REI. I do have a couple of LTRs between SFH and duplexes but looking to get into STRs and expanding my current portfolio. I believe there's always a deal to be made but one must have the necessary tools and most of the time those tools are Individuals with Experience. Let’s network!!!