Adaid Carrasquillo
Hello to Everyone
2 January 2025 | 1 reply
This community is full of knowledgeable investors who are eager to share insights and experiences to help you on your journey.To make the most of this platform, I recommend asking very specific, detailed questions.
Stuart Udis
Have we taken the affordable housing craze too far?
3 February 2025 | 1 reply
I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.
Joy Daniels
Pets and Service animals at STR
18 January 2025 | 15 replies
People who have service dogs (or horses, as these are the only 2 service animals) that are genuine have no issue disclosing that on the front end and can answer the 2 questions easily - is the animal necessary for a disability, and what specific tasks has the dog (or horse, if you're getting one of those) been trained to perform?
George Jackson
Skip Tracing Resources
10 January 2025 | 2 replies
I’ve worked with a few tools for property intel, and while no service is 100% accurate, some options have stood out for specific use cases:BatchLeads: They offer a solid skip-tracing tool with good accuracy and detailed reports.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.
Preet Oberoi
Tax benefit of STR/Tiny home - Will it work ?
6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.
Danielle B.
Out-of-State - Ohio Section 8 Housing
29 January 2025 | 22 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
Jon Martin
BiggerPockets Real Estate & On the Market are Starting to sound like the same show
17 January 2025 | 3 replies
OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.
Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
Networking, local meetups, door knocking, mailers, wholesalers, online forums specific to your area of interest.
Nick M.
Michigan Sales/lodging tax collection and payment
16 January 2025 | 7 replies
I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?