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17 February 2025 | 4 replies
Bulldozed the house and plan to build a new house on lot in the future Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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24 February 2025 | 9 replies
Although I do plan on increasing the rate next year and so on and so forth.
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16 February 2025 | 24 replies
My plan is to rent it on a short term rental basis and stay for few weeks in a year with family/friends.
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20 February 2025 | 4 replies
If you move title to the property into a trust for the seller's "Estate Planning purposes", you still need the mortgage company's approval.
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13 February 2025 | 12 replies
I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing.
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14 February 2025 | 8 replies
However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.
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19 February 2025 | 8 replies
In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold.
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15 February 2025 | 19 replies
One thing to note is that I wouldn't plan for appreciation.
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20 February 2025 | 7 replies
There are many ways to house, and even more way to plan for the future with 1031 exchange and Primary Residence strategies!
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24 February 2025 | 24 replies
My goal is to achieve financial freedom by age 36 and to understand various aspects such as investing education, strategies, business planning, properties, marketing, and exit strategies.