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20 March 2024 | 2 replies
To be considered a trade or business for the qualified business income deduction, all of these must be true:Your participation in the rental activity must be regular, continuous, and substantial.You conduct the rental activity with the expectation that you'll make a profit.The rental activity is conducted in the United States or Puerto Rico.Rental activities that are considered trades or businesses include:A real estate professional who materially participates in the activityA rental to a commonly owned trade or businessRental activities that aren't considered trades or businesses include:Rentals for less than fair market value (FMV)A lease agreement in which the tenant pays for real estate taxes, insurance, and maintenanceA vacation home that's rented out and also used as a personal home
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19 March 2024 | 12 replies
That way, you will likely already have hit your 100 hours of material participation, but your cleaners, for example, would not have exceeded you since you would have only had a few bookings before the end of the year.Also, another good one, is that material participation does not count until you are in contract on a property.
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19 March 2024 | 3 replies
The materials themselves seem quite cheap.
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22 March 2024 | 132 replies
They're only used for privacy walls and decorative pieces, not for structural/building materials but still, nice to see waste being upcycled for different uses.
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19 March 2024 | 9 replies
Include cost estimates for materials and labor.
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19 March 2024 | 323 replies
Awesome material, really looking forward to the new one.
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18 March 2024 | 3 replies
Materials/Subs/his own Crew?
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19 March 2024 | 14 replies
Do not stress, and please make sure you have someone from your team that will not say the sky is falling, and charge you 5k when the material will be less than a few hundred , unless needs full room carpeted.
18 March 2024 | 3 replies
To increase your knowledge and network, interact with their material, pose questions, and take part in debates.Volunteer or Intern: You might want to think about volunteering or interning with a property management company, real estate agency, or investment company in your community.
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18 March 2024 | 7 replies
Another big problem we encounter more often than not is when they're swearing on Jesus Mary Joseph and everyone else they are deposit ready, then having some reason why they can't pay the deposit; or trying to do half of it now and of course the other half never materializes.