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12 November 2024 | 2 replies
Sorry to be bearer of bad news but your best bet is to just get it resolved and take it as a lesson learned
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14 November 2024 | 5 replies
Some strategies to consider:Networking with wholesalers: Many off-market properties don’t make it to the MLS, so connecting with wholesalers who operate in OKC can be a great way to access these deals.
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13 November 2024 | 12 replies
I am also an operator with 25 Airbnb listings (some that I own others that I manage).
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13 November 2024 | 11 replies
Operations and systems are my thing.
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13 November 2024 | 5 replies
As an out of state operator, I like having the added protection of the waivers but using one or the other or both is really up to your comfort level.
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13 November 2024 | 11 replies
I know a great MTR operator, Linda Allen, in your area.
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12 November 2024 | 6 replies
if the timber is merch you should get a mill in there to bid on the timber.. hire a logger.. profit you use to knock the stumps out.your civil engineer should be giving you a preliminary cost to do infrastructure normally they will do these for free since they will be designing it all.. they would be the best bet anyone on line is simply a WAG
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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12 November 2024 | 8 replies
For resources about available syndications, podcasts are a good way to hear the operators talk about their company and mission.
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14 November 2024 | 8 replies
If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.