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Results (10,000+)
Edward Zachary Samperio San Antonio STR Regulations: Summary of Findings and Next Steps
19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
Renay Reese Open Carry, Concealed carry or no carry while do business
19 November 2024 | 111 replies
I was able to get free hand and get the spray on him....and apply some low end not so nice blows my dad taught me to use when battling a stronger opponent ....then I called the cops.  
Scott Trench REPS And Active Losses and Gains
16 November 2024 | 21 replies
Managing a company usually does not involve participating in real estate acquisition, management or construction.
Account Closed Tenants are escalating mold situation
19 November 2024 | 15 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
Austin Ehret New Investor in Mid Coast Maine
20 November 2024 | 3 replies
It would involve putting an external staircase on the side of the house and making the second bathroom into a full bath.
Anna Thanopoulou First year depreciation in STR
19 November 2024 | 7 replies
Half-year convention: If no mid-quarter rule applies, you might claim half a year of depreciation for certain assets.2.
Stephen Hood Advice on selling to access equity
20 November 2024 | 6 replies
It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).
Brian J Allen The Dunning-Kruger Effect in Real Estate Investing
20 November 2024 | 4 replies
It's part of participation trophy society where people get socially rewarded for just being in the game, but that shouldn't apply to real estate.
Hassan Tejan-Kella Securing funding for Refi whilst going through a lawsuit
13 November 2024 | 5 replies
What kind of loan were you applying for?
Julio Gonzalez Real Estate Professional Status
19 November 2024 | 0 replies
Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.