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26 November 2024 | 10 replies
It currently seems I’m not going to be coming back to the states anytime soon (given the upcoming projects within the next 3-4 years) but would really appreciate any advice on investment rental property strategy as so to start building the foundation for generational wealth/passive income.We have saved a substantial amount of money for which the original intent was to buy our future primary residence with all cash if/when we moved back to the states.However, that’s not what’s going to build generational wealth and would rather put that money into passive income investments hence, real estate rental properties.
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23 November 2024 | 40 replies
I get the fact that they want to be compensated for generating the initial inquiry however, wouldn’t they just charge the standard 5% rate?
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27 November 2024 | 4 replies
We then cleaned all of the mold and reinsulated the attic.
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26 November 2024 | 46 replies
Yeah, were freaking morons for expecting anything different to have resulted from raising a generation of human cat's......
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25 November 2024 | 32 replies
So bottom line they got away with it and are living in a beautiful safe clean country.
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26 November 2024 | 4 replies
If you're an LP that meets the requirements for REPS, but you're not materially participating, losses generated from bonus depreciation is unlikely to help you offset non-passive income.
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26 November 2024 | 4 replies
Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.
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25 November 2024 | 0 replies
What are some creative revenue generating strategies that you all have explored?
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27 November 2024 | 1 reply
During this time you are not generating any return from the money invested in the ADU.
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25 November 2024 | 11 replies
Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that.