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20 March 2024 | 7 replies
I'm also of the mind that if your vacation rental is already ahead of the competition, do you absolutely need to invest in more amenities?
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20 March 2024 | 4 replies
I was thinking the same, as long as I can verify it's a reputable company and stating that the stove will remain when they vacate the property.
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20 March 2024 | 21 replies
Very interested to hear others in different vacation rental markets.
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20 March 2024 | 2 replies
To be considered a trade or business for the qualified business income deduction, all of these must be true:Your participation in the rental activity must be regular, continuous, and substantial.You conduct the rental activity with the expectation that you'll make a profit.The rental activity is conducted in the United States or Puerto Rico.Rental activities that are considered trades or businesses include:A real estate professional who materially participates in the activityA rental to a commonly owned trade or businessRental activities that aren't considered trades or businesses include:Rentals for less than fair market value (FMV)A lease agreement in which the tenant pays for real estate taxes, insurance, and maintenanceA vacation home that's rented out and also used as a personal home
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19 March 2024 | 11 replies
This is why I like to buy in true vacation markets.
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19 March 2024 | 12 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
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19 March 2024 | 10 replies
(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.
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18 March 2024 | 35 replies
I'm thinking that in more rural areas there's less exit strategies, like what happened when COVID hit, everybody stopped taking vacations.
18 March 2024 | 11 replies
I own an Airbnb in a desirable vacation rental market.
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19 March 2024 | 50 replies
It might be a weird time to pick up multifamily rentals since there is a massive apartment complex being built at the moment, but single family should be pretty safe.Also worth mentioning San Antonio is experiencing massive appreciation right now and a portion of that is certain to spill over into the Corpus area based on proximity and a lot of San Antonio residents vacationing there.