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14 September 2024 | 23 replies
Materials won’t be that much a couple hundred maybe.
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12 September 2024 | 7 replies
Finding a multi-family has been tough to come by so I think I will implement the rent-by-room strategy instead.
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20 September 2024 | 114 replies
If you're passing along cleaning fees to the guests, then they shouldn't have such a material impact on your profits.I'm speaking from experience a little bit.
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13 September 2024 | 8 replies
Her work in this way again is not influenced at all by if it is an LLC in her name, your name, or both - it is based on actual hours worked.IF and AFTER you meet the above tests, you need to prove that you materially participate in your RENTAL trades or businesses, generally this is at least 500 hours per year, but there are other tests as well.If you qualify for all of the above, now you can use tax losses from rental real estate to offset W-2 income.
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13 September 2024 | 24 replies
Direct mail is very tough to do without a large budget and the dedicated time.
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13 September 2024 | 2 replies
So that is tough to get repeat business from 1st time investors.
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12 September 2024 | 9 replies
You need to get a quote from a local handyman or contractor.Not sure about every state, but in the states where I invest - If you do the work yourself you can only deduct the cost of materials.
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11 September 2024 | 1 reply
so it's going to be tough to do as a side hustle where you just put in an hour here or an hour there.
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13 September 2024 | 9 replies
Its tough living in a construction zone but it can also offer you both an investment, education and place to live for the time it takes to complete the renovations.I actually started by using private money (people I knew who had money) and used them as lending partners.