
25 June 2024 | 39 replies
Of course, we are investors and a lot of rentals will not deserve the 'open concept'.
26 June 2024 | 34 replies
Seems line only avenue is STR for a negative cashflow tax write off, yes?

28 June 2024 | 41 replies
I rented out the property in mid-Oct 2023- Now I am filing my personal and the S-corp return (had a to file an extension given this situation) with passthrough of passive loss into my personal tax return and my CPA is saying I negated the 1031 requirements by converting it into S-corp, which he recommended being in the loop and advising on every action above.

28 June 2024 | 100 replies
Statement Regarding Previous Forum PostDear Legal and Legislation Community,I am writing to clarify and correct any potential misrepresentations from my previous post dated [date of original post] regarding the real estate syndication deal I invested in, managed by Simple Passive Cashflow and Truepoint Capital, with Lane Kawaoka and Kyle Jones as General Partners.My initial post may have unintentionally conveyed inaccuracies or negative implications about the General Partners and the overall management of the deal.

26 June 2024 | 32 replies
the trick is that you move when DSCR in that property is DSCR 1.0 ; so this is the basic concept, once you apply to different primary, they would offset that income to 0.75 DSCR.

28 June 2024 | 21 replies
Just know that this probably won't happen with him, so don't focus on that negative issue.

25 June 2024 | 10 replies
-->"Justice for Renters Act" It's because of things like that, numbers, and the hope/prayer that appreciation will bail me out from a property running a negative all the time that got me looking elsewhere.

26 June 2024 | 33 replies
This will drive how much you can borrow.Consider More Modest Options FirstWith $200k in investments to deploy, look at starting with 1-2 short-term rental properties first to gain experience before scaling up.Explore markets closer to your mom's current location that may have lower costs but still tourism appeal.This allows you to validate the model and your ability to operate short-term rentals successfully before risking more capital.The short-term rental concept could potentially work, but I would recommend starting with a smaller, very well-researched first step to validate the model before going all-in on a larger endeavor.

26 June 2024 | 21 replies
Appreciation tactic is a tough one to start with as markets can stagnate, and you end up with a property that ends up costing you maintenance, but only covers the mortgage or is negative.

26 June 2024 | 17 replies
They also have 1-2 SMALL negative accounts on their record and likely are unrelated to credit accounts.