13 November 2024 | 2 replies
I’d prefer to avoid double-paying for insurance if possible.Additional Note: This property will be used as a short-term rental, which adds to the complexity.Any advice on how to structure the insurance to cover all bases without redundant costs would be greatly appreciated!

18 November 2024 | 47 replies
Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

14 November 2024 | 21 replies
I've set this up for some of my employees who prefer gmail.

13 November 2024 | 4 replies
If your goal is to get the info asap for small multis, I would go with something where it's already skip traced so you can direct market or call for that investor's preference.

10 November 2024 | 18 replies
But when it comes to noise clauses, do you prefer to start with a 3-day notice?

13 November 2024 | 4 replies
That said, I prefer to use a HELOC for short term investments like fix & flips because I only pay for what I use and I can continually keep recycling the money.

14 November 2024 | 10 replies
This seems more of a preference item on reporting, but I wanted to get more insight on how these transactions are structured.

16 November 2024 | 32 replies
It was left up.This particular individual would have really went off and done personal attacks if anyone would have been bold enough to challenge what he was doing openly.

11 November 2024 | 4 replies
I'd like to connect with someone who knows the local market as this is where I would prefer the property to be at since it is close to me.

11 November 2024 | 5 replies
@Jordyn Gegg - I have a PM company that oversees all of my individual LLCs.