STR feels more like a strategy to break even or eek out a meager return on a great asset than a strategy to cashflow.

In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

Unfortunately BP search for people is less than desirable so had to make a post to try and find people.If you are in the area, love to connect as we have a lot of opportunities (portfolio of assets) that just came our way.

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

How do I protect my assets when purchasing real estate with a solo k if not via a non-recourse loan? 

@Steve Englehart Cashing out an IRA or Roth IRA to buy rental properties has significant tax and financial implications.

I am curious how many investors had an attorney review the agreement, the note and reviewed the asset/property?

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

Quote from @Tom Server: I beg to differ @Nathan Gesner, about the financially disciplined.

The seller was willing to take a secondary position on other property assets and provide a 3yr 4% interest on his loan.