since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

The repair was extensive and costly, requiring excavation (about 3x6 feet) to replace the broken section and clean up the mess.

Leveraging our market connections, we identified the property’s potential and negotiated favorable terms directly with the seller, securing it at a highly competitive price.

I'm also in a pretty extensive Mastermind for STR PM companies and those rates are pretty standard.

I work extensively funding deals for flippers in KC  Toledo  Cleveland Baltimore city and a few other markets in mid west..

Investment Info:

Single-family residence buy & hold investment in Oceanville.

Purchase price: $355,500

Cash invested: $75,000

Rental Property near community college

What made you interes...

Purchase price: $170,000 Cash invested: $30,000 This is an international short-term rental property on a Greek isle.

They both have extensive experience in Duluth.Thanks for the mention @Tim Swierczek.

Old post, but in the short-term the world changed with the recent passing of HR 5376.