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31 October 2024 | 29 replies
If your going to be diligent and actually find a professional (which will be difficult) then it could more than pay for itself to hire someone.
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27 October 2024 | 2 replies
I recently shifted my career to focus mainly on real estate investing, so I'll need some help with creative financing as I don't have a standard 9-5 like many others.
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5 November 2024 | 52 replies
With 2.4 Million members it was becoming increasingly difficult to connect with people and the first people the community wanted to be connected with in a simple and easy way were investor-friendly agents.
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28 October 2024 | 5 replies
I've currently got 2 multifamily properties here with 5 total units -- I live in 1 of them.It's been extremely difficult to find multifamily properties that meet the criteria that I'm looking for through the MLS, and when I do, they're extremely overpriced.
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30 October 2024 | 11 replies
The biggest mistake I made in my RE investing career early on was being so conservative that I only bought homes for cash, i.e.
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29 October 2024 | 6 replies
One word of advice, keep an eye on your Debt-to-Income (DTI) can make it difficult to get all those houses in your name.
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29 October 2024 | 4 replies
Just follow the rules or the HOA will make it very difficult on you.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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28 October 2024 | 6 replies
@Atchut Neelam It's a rather large country, without knowing where you are looking to purchase property, it would be difficult for anyone to recommend a specific appraiser.
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1 November 2024 | 48 replies
Being law enforcement in my first career I read a lot of laws, regulations, codes etc... on a daily basis.