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5 April 2024 | 8 replies
I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.
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4 April 2024 | 6 replies
I get this, but doesn't this practice seem unfair?
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4 April 2024 | 14 replies
An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).
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5 April 2024 | 5 replies
The practicality of doing this on your site varies depending on how encapsulated the site is by the floodplain and if there is enough space to build it up with dirt, etc.
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4 April 2024 | 7 replies
Possible but in practice it would be tough to pull off.
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4 April 2024 | 4 replies
In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice.
5 April 2024 | 6 replies
They practice general real-estate law, and do sales transactions for condominium.
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5 April 2024 | 13 replies
I suggest owning investment real estate though an LLC, but learn how to operate the LLC correctly and most importantly follow through on the best practices in your daily business operation.
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4 April 2024 | 0 replies
The moment you step inside, you're greeted by these massive windows that practically invite the outside in.
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4 April 2024 | 12 replies
Over-inflating closing costs is good and should be a common practice for LOs who don't know what most of the fees are upfront because its very true that things such as title, taxes, prepaids, etc. are all unknowns.