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8 October 2024 | 14 replies
They'd be a partner and help provide solutions to operational challenges when scaling, we'd bring tech in like Breezeway for scheduling, give them a company card with spend limits to buy supplies, they even ended up landing a deal with a local laundromat to wash and fold there after-hours to make their lives and ours easier.Truly a win-win.
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8 October 2024 | 16 replies
Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.
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9 October 2024 | 17 replies
Same thing with what I am building in Charleston SC another red hot market with extremely limited inventory and no SFR goes for rental purposes.. those with funds to buy are still buying . when i built in florida starter homes that was and is a disaster.. granted I did not lose money but it was No way worth the effort time and risk.. so its market dependent.
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8 October 2024 | 10 replies
I have never come across a landlord that was sued for more than their insurance would cover.Most lawsuits are security deposits disputes, limited to 3x the deposit amount.It is rare for a landlord to be sued for something significant.
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4 October 2024 | 8 replies
Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?
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5 October 2024 | 2 replies
Does the use of the property as a personal residence by person A and the limited rental period affect the capital gains in any way?
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10 October 2024 | 28 replies
I do also have somwhat limited experience as mentioned above with condos and can only speak for Tampa area
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3 October 2024 | 9 replies
But my real estate investment knowledge is very limited to the basics that one always starts buying it as their primary residence.
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3 October 2024 | 7 replies
You'll know this because you've been studying the market.
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3 October 2024 | 2 replies
That’s why I’ve decided to dive into the real estate investment (REI) space now, rather than waiting until after graduation.Currently, I’m studying for my real estate agent license in New Jersey, which is my home state.