Arda Bircan
Material participation hours for STR Tax Loophole
27 June 2024 | 10 replies
Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..
Anastasia Jordan
Counter Offer on Tax Sale Properties (Alabama & elsewhere)
28 June 2024 | 46 replies
To even counter with an offer of $2 is too much for the amount of filth I would need to clean out.
James Carlson
18 offers, 12% over list price .... Market going bonkers again?
30 June 2024 | 54 replies
Not asking you to dog on your listing, but I'm interested, because I do see the middle-of-the-road homes -- clean, but not updated, nothing special -- sitting for longer and the nicer ones with a little something extra going quickly.
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
Find a deal, close, clean it up and get it ready to flip, and market it to investors.
Magda Lipinska
New investor in Austin
26 June 2024 | 8 replies
Let's say they spend 20 hours a month on marketing, phone calls, maintenance coordination, cleaning coordination, tenant complaints, or whatever.
Cameron Moran
Gaining knowledge when first starting out
26 June 2024 | 6 replies
Go to work on a Construction site as the guy who cleans up at the end of the day and sweeps the floorsJust learn everything you can about everything related to RE.
Frank Greg
GC: Average Total Labor Cost on New Build
27 June 2024 | 62 replies
Clean up and on going construction cleaning final clean.7.
Drew Sygit
Tenant Prospects Being Scammed Before they Apply!
26 June 2024 | 5 replies
They are just cleaning your ad.
Melissa Faraias
Pros and Cons of Section 8 tenants
25 June 2024 | 6 replies
About 80% of my Section 8 tenants left a lot of cleaning and repairs.
Brian Maggiacomo
HELOC OOO to 90 LTV, 660 FICO, Rhode Island
24 June 2024 | 2 replies
some small collections, clean mortgage and 5 year payment history.