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12 September 2024 | 28 replies
I’m not sure it that means that I can’t restrict their access to upstairs or that I just had to have a door there.When I asked the rep why there weren’t any basements for rent on the MLS he couldn’t really give me an answer.
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9 September 2024 | 18 replies
So, you are simply suggesting get my, “hands dirty,” with Long term rentals, rinsing and repeating the “house hacking” strategy before even considering STR’s and meeting REPS and Material Participation requirements to maximize tax write-offs on my future W-2, correct?
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7 September 2024 | 11 replies
Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.
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11 September 2024 | 69 replies
Reality is sec8 has a well earned rep., it didn't just come of it's own, the people in sec8 made that with there actions, FACT.
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6 September 2024 | 11 replies
I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).
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8 September 2024 | 29 replies
A Rep named Alexandr Oveskov contacted me on Fb and continued to follow-up with me assuring me how customer friendly their service was.
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3 September 2024 | 0 replies
Passive Activity Loss RulesIf you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial.
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4 September 2024 | 7 replies
I would say compare terms, seasoning period requirements (Assuming when you mentioned construction loan you're talking about a rehab project), response time of your rep, learn as much about their loan underwriting and approval process as you can.
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3 September 2024 | 23 replies
I had a call with an Evolve rep and they had no issues in transferring them To us.
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5 September 2024 | 13 replies
To deduct more, you could qualify as a real estate professional (REPS) by spending the required hours.