Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
18 April 2024 | 3 replies
The REPS-9 election prohibits grouping short-term and long-term rentals, emphasizing the need for careful strategic planning.
Yue Tian
AirBnb Expense Writeoff
18 April 2024 | 3 replies
The REPS-9 election prohibits grouping short-term and long-term rentals, emphasizing the need for careful strategic planning.
John Underwood
The state of Hawaii may ban all STR's
18 April 2024 | 15 replies
These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.
Robert Zajac
Questions/concerns about normal PM fees/expectations for Cleveland Ohio
18 April 2024 | 12 replies
I'm getting concerned because I know from all my BP reading/learning that expected PM rates vary from 5%-10%, so I was preparing to pay on the upper end of that to make sure I find a "Rock Star" PM (as BP books would emphasize doing).
Selina Giarla
Where Are The Deals!?
18 April 2024 | 87 replies
Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.
Joseph T LaRue
Morris Invest / SDIRA Wealth
14 April 2024 | 15 replies
They emphasize research and education, which has been beneficial for us and those we've referred.During one of our visits and discussions with the building team, they mentioned their involvement in this space building dating back to the early '90s.
Sonny Dhillon
Thoughts on Naming Storage facility
13 April 2024 | 7 replies
**AllStore Industrial Park**: This name highlights the facility's capability to accommodate a wide variety of storage needs, from vehicles to containers, and emphasizes the industrial aspect, which may appeal to contractors and businesses looking for yard space.2.
Joe S.
Who is investing in their own physical health?
18 April 2024 | 141 replies
I also want to emphasize how important it is to avoid stress, few stories related to real estate:a) my personal observation, it's 100 times better to have lower (but high) good w2 job than highest paying job with three times more stress than lower paying one, this is my personal take.
Jay Lam
Bank accounts for rent and security deposit
12 April 2024 | 4 replies
They share a personal account where only rental income is deposited, and I am listed as the beneficiary of their accounts at their bank.Although this is technically a personal account, we still like to refer to it as a "business" account to internally emphasize the necessity of maintaining a clear distinction between these funds and other personal accounts.
Lilly Fang
First time working with a wholesaler. I asked for one more walk-through. unhappy
13 April 2024 | 29 replies
My advice would be to politely but firmly communicate your need to have your contractor inspect the property, and emphasize that this is a standard practice for you.