
16 September 2024 | 8 replies
This is just one example of many things that could go wrong when a "disqualified person" is involved in the transaction with the IRA.

15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
14 September 2024 | 4 replies
In 2022, there were ~6 million single family home transactions and in 2024, we are projected to hit just shy of 4 million single family home transactions.

15 September 2024 | 18 replies
I get that title insurance e saved you once but really I should be thanking them , no I think they have made themselves into this role where they want everyone to believe nothing can be done without them and the time they take, it takes them 2 days to walk a piece of paper across a room.As fir the lady she should be helping her clients the people who pay for thier services to resolve these type issues not act like she's the great almighty God of real-estate transactions who no sale can happen without her blessing.

16 September 2024 | 7 replies
@Morgan BrownYou may find better pricing by breaking these up into 2 sales contracts and 2 transactions.

16 September 2024 | 22 replies
I would recommend them for Ground Up or Fix & Flip transactions!

15 September 2024 | 10 replies
Negotiate with the Seller: Depending on the market and the seller's flexibility, you might be able to negotiate a lower EMD or even delay the deposit until a later stage in the transaction.

13 September 2024 | 2 replies
Daily finance reading is boring.Want a successful career?

14 September 2024 | 19 replies
I can't fix it if I don't know it's leaking because I don't want to inspect your apartment every single day - you're renting a space for quiet enjoyment....that includes not being bombarded by the landlord daily.

17 September 2024 | 19 replies
And wholesaling is all about catering to INVESTORS, not REA or Brokers who will get most commission out of the transaction.