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25 March 2024 | 4 replies
I want to buy a new home and rent this one out is my aim.
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26 March 2024 | 6 replies
However, as the owner you still need to spend more than 50% of personal services and more than 750 hours on the real estate business on your own.Alternatively, short-term rentals are generally treated as active business income and therefore are eligible to offset w-2 income.Navigating the Real Estate Professional Rules"When measuring material participation, a married taxpayer is required to count any hours performed by his or her spouse, even if the spouse does not own an interest in the business or if no joint return is filed.32 While this rule is advantageous because it makes it more likely the taxpayer materially participates in the real property trade or business, it is a trap for the unwary in the real estate professional context, as discussed below in Step 3.""
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26 March 2024 | 12 replies
I'll be taking measurements to see what is feasible.
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25 March 2024 | 3 replies
It sounds like you are aiming to be a buy and hold investor, but I would recommend shoring up your investing strategy.
26 March 2024 | 10 replies
You have a high maintenance tenant on your hands at this point that you should aim to be rid of as soon as practical, as the pregnancy and all the other ancillary BS has nothing to do with anything.5.
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26 March 2024 | 39 replies
You bring enough cash into the deal that you still earn a reasonable, steady return when you move out.For most people - the ones who have to "house hack" in the first place, they're going to be aiming for one or two here.
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25 March 2024 | 4 replies
The 1% rule is also a useful measure in my mind for an initial screening.
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25 March 2024 | 8 replies
Basically, the way agents earn their commissions is changing due to a settlement that's aiming to make things more transparent and fair.
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25 March 2024 | 10 replies
Begin modestly, take measured chances, and absorb failures as well as victories.
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25 March 2024 | 14 replies
Here are some tactics you can consider:Direct Mail Campaigns: If you're interested in flipping properties, create direct mail campaigns that are specifically aimed at the homeowners in certain communities.