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21 February 2025 | 6 replies
I’m considering buying a plot of land in the Cleveland area and getting a manufactured home (duplex if I could find the right zoning) put onto a permanent foundation to use as a long term rental.
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14 February 2025 | 8 replies
Then they complain that our process takes too long!
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19 February 2025 | 9 replies
Beautiful, but pricey—better for long-term appreciation than cash flow.
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15 January 2025 | 18 replies
I don't think being a long distance landlord is as easy as some tout but full disclosure I've stayed with 80 miles of my primary residences.
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21 February 2025 | 28 replies
Long term/ short term rentals would work, ideally in the $400k range or lower.
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23 February 2025 | 5 replies
For a long time I have rented it as a section 8 property.
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22 January 2025 | 25 replies
Meeting the material participation hours is absolutely doable, even with a property manager, as long as you stay actively involved in key tasks like marketing, bookings, and bookkeeping.
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21 February 2025 | 7 replies
Make sure that your area states it directly.Otherwise, let the booking site handle things. 28 days isn't that long IMHO depending on the area or reason for traveling.
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17 February 2025 | 4 replies
I would recommend that regardless of market you decide to invest in that you find a fellow investor/realtor that can help you purchase in the neighborhoods that make for ideal long term rentals.
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23 February 2025 | 3 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.