Depreciation rules for the two definitions are different.A short-term rental (STR) is a dwelling unit that is used on a “transient” basis.

Not sure how they are able to do this or if they are breaking the rules and dont care, but they are actively closing deals in South Carolina.

Different States have different rules but in general the harder the data is to get, the more effective it is.

In a few years when that first house gets to over 50% equity then you can think about doing a cash out refinance to buy a third or even a fourth by then.

And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.

Another rule of thumb is 2% the purchase price to maintenance.

#3 is a rule every new real estate investor (and many seasoned, including at times myself) need to remember.

There are rules to follow!

I already have $1,000,000 in retirement accounts which based on the rule of 72 that should be $4,000,000 when I retire if I don't tap into it.

I keep hearing the 50% rule and the 1% rule i was wondering what they are and how would they apply to a house hack?