
4 October 2024 | 8 replies
. - The main question here is do you qualify as a real estate professional according to the tax code.

7 October 2024 | 15 replies
I am here seeking professional advice from someone who has walked the walk and can guide me where to go from here.Some of my goals are listed below:My main goal at the moment is to find assistance in forming a financial plan with the help of a mentor.My other goals once I have established a plan:- Short Term: "I will obtain a cash flowing real estate property within the next year.- Long term: "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit.

5 October 2024 | 15 replies
In the beginning mainly figuring out logistics for turnaround between guests and dealing with any issues, particularly, for out of state.

6 October 2024 | 12 replies
Of all the lenders I know who have clients that do this (purchase in personal name and quit claim to LLC), none have ever had that happen - the main thing is to make sure you just keep paying your mortgage, and this would be a good conversation to have with a lender.

8 October 2024 | 36 replies
If you prefer rentals in B or B+ neighborhoods instead (mainly for higher tenant quality, lower crime rates, and better long-term appreciation potential) and don’t mind broadening your search beyond Huntsville, other more affordable locales in Alabama—like Birmingham, the state’s largest city—could be a good fit.We’re active in suburbs on the west side of Birmingham like Adamsville, Forestdale, Sylvan Springs, and Pleasant Grove, and a good portion of properties there meet the 1% rule.

5 October 2024 | 15 replies
You also have to consider county or local taxes (my main area has a 7% hotel tax for STRs on top of my 6% state).BiggerPockets has a STR/Airbnb calculator that may help bring them some clarity on the numbers!

3 October 2024 | 9 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

4 October 2024 | 14 replies
The main difference between free and premium is that premium saves all your data and also provides tax analytics.

3 October 2024 | 6 replies
Since my main assets are overseas, I am also considering homeowner loans abroad.

4 October 2024 | 3 replies
I had a professional photographer shoot the listing photos and the place where it was advertised is the main website out there, and my photos were one of a few professionally shot listings.