
1 November 2024 | 22 replies
If I buy a vacation home using a 2nd home loan and rent it as an AirBNB when I am not using it, can I still do a cost segregation study to accelerate depreciation and offset losses against my W2 income if I follow the rules of STR tax loophole (I.e., the average stay in the house is less than 7 days, I manage the AirBnB myself, and spend 100 hours or more a year and more time than any other person/entity on managing my AirBnB business)?

1 November 2024 | 48 replies
My audit was settled by NYS first, before the feds, which is odd because the state usually follows whatever the feds do.

28 October 2024 | 5 replies
The last house I bought, was brought to me off-market by my agent, and it's seeming that off-market is the only way to get good properties without the MLS prices.I've recently got a nice business card printed up, and would like to start a direct mailer campaign, using BatchLeads to find multifamily properties in the local towns that I wish to invest in.I have a pretty strict criteria about what I'm looking to purchase at this time:-Legal 2-or-more unit large Multifamily (not required to be owner occupied)-Each unit should be at least 3 bedrooms (so if it's a duplex, it needs to be 6+ bedrooms)-Sewer (not septic)-Gas (not oil)A lot of this information is not readily available online, so once I start my mailers, I'm sure I'm going to find people who eventually respond, but that don't have criteria which match what I'm looking for.I feel like it would be a waste if I paid a bunch of money for direct mailers, and then someone reaches out to me to sell, but their house doesn't match the criteria of what I'm looking for -- I don't know anything about wholesaling.What can I do to monetize these leads, or is the answer is that I need to learn So we believe no lead is a bad lead.

2 November 2024 | 8 replies
Consider commercial or portfolio financing from one of the following lenders:Portfolio lendersRegional banksCommunity banksCredit unionsNon-bank lendersCommercial lendersPrivate or hard money lenders

31 October 2024 | 2 replies
We will have tenants for 3-6 weeks following closing so theoretically we could insure on a traditional policy in the beginning, as it would be much cheaper.

1 November 2024 | 22 replies
The way that I think about these things is as follows: what things will hurt the value of the property and/or annoy the neighbors and/or get me fined if I assign to the tenants and they don't do it.1.

5 November 2024 | 29 replies
To connect an external account and auto-import the data follow instructions here:https://support.baselane.com/hc/en-us/articles/2548356963957...Note: Baselane is working on providing CSV upload option and it should be launching in about 1 week. =).

1 November 2024 | 3 replies
The duty here would be created by virtue of any agreements they entered into, rules posted to follow, or by virtue of instructions given to them to operate the washing machine.

29 October 2024 | 5 replies
Tough part with VA loans is they are still similar to FHA loans and can be a more strict appraisal process.