
20 March 2024 | 23 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.

20 March 2024 | 19 replies
extension, I could schedule one business appointment on the 1st of the month and another on the 31st and then spend the rest of the month vacationing.

20 March 2024 | 13 replies
I'm still trying to learn all I can as I look for an opportunity to get my foot in the door to investing in vacation rentals.

20 March 2024 | 0 replies
Ive got about 45 days of PTO/Sick/Vacation that is taken for the year so I work approximately 1650 hours a year at that job assuming a 40 hour work week.I am also a licensed Real Estate agent with 2 separate LLCs - General Brokerage and Property Management.Between the two LLCs, I've grossed pretty close to my W2 income.

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?

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.

20 March 2024 | 21 replies
Very interested to hear others in different vacation rental markets.

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

19 March 2024 | 11 replies
This is why I like to buy in true vacation markets.

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.