I would have a serious talk with your CPA to see if it's achievable and worth pursuing.https://taxmodern.com/articles/material-participation#:~:text=Material%20Participation%20Qualifications,-To%20meet%20the&text=yourself%20and%20no%20one%20else,more%20time%20than%20anyone%20else.

It has 350 articles on the same topic.

Aside from the risks I mentioned, there is the increasing competition and ST rental income is never truly turnkey or passive income, even if you use a manager.Even for you, if you sell for $1.75 million, all you'd need is to reinvest the proceeds of the sale at a 12.5% to make $220k so the relevant return is 12.5%, not 23%.

We're in 2024 so I'm not sure in what looking at what happened in the 1990s is that relevant, when circumstances have completely changed.

The reason to get your license is access (to see properties) and data (for ARV and comps.)The class to get your license is way more relevant to investors than agents since they work residential and most do nothing so it's useful to take the class.

This has the potential to be passed later this year.For additional questions, checkout this article on Cost Segregation FAQs.Have you had a cost segregation study performed on your multifamily property?

I know this isn't specific to "best" way, but here are some thoughts:-join asset owner and investor associations -network with sales-only real estate companies-try to be a guest blog writer on relevant websites (e.g.

When I made this post, I didn't share all the information, which I didn't think was relevant.

Throughout this article, I am going to focus on the key factors to consider when investing in an STR: How, Where, and Why.

In 2018 I wrote an article about how I used VA loans to build my portfolio.