https://www.eventbrite.com/e/reafco-quarterly-networking-eve...

Here is the rule from the IRS regarding length of stay for short term rentals:As defined by Treasury Regulation Sec. 1.469-1T(e)(3)(ii)(A)The average period of customer use is 7 days or lessThe average period of customer use is 30 days or less.

I am particularly interested in:Understanding the fundamentals of wholesalingNavigating Texas-specific real estate laws and regulationsBuilding a strong network of cash buyers and motivated sellersLearning effective marketing strategiesAnalyzing and evaluating dealsIf anyone is willing to share their experiences, tips, or resources, I would greatly appreciate it.

:)4935 E 109th St, Garfield Heights, OH 44125

The reason the 1% ownership is being suggested, is that this would change the tax treatment from being reported on schedule E as a disregarded entity, to being reported on Form 1065 as rental income reported from form 8825, and then this would passthrough to the individual taxpayer on form k-1. 

I think the long term fundamentals here are solid with job growth and population growth, it’s just a matter of the new supply getting absorbed which will take 2-3 years. 

Starting on BiggerPockets is a great idea – it’s a fantastic resource for learning the fundamentals and connecting with experienced investors.The key to success is finding a profitable deal that aligns with your goals.

from=srp-map-listTriplex(2) 1 Bed 1 Bath(1) 2 Bed 1 BathLot                                                                                 Size 5,800                                                                                                   SqftBuilt 1920  Listed @ $299,000Nearer to subject property These properties are also rehabs and not new construction.             1654 Cameron St, 38106                                                  https://www.redfin.com/TN/Memphis/1654-Cameron-St-38106/home/87657066#property-details1 bed 1 Bath                                                                                                                      Built 1922                                                                                                                                Lot Size 7405 Sold @ $138,0001660 Shadowlawn Blvd, 38106https://www.redfin.com/TN/Memphis/1660-Shadowlawn-Blvd-38106/home/876570264 Bed 2 Bath  1454 Sqft Built 1941                                                                                             Lot Size 7250    Sold @ $133,000661 E Trigg Ave, 38106https://www.redfin.com/TN/Memphis/661-E-Trigg-Ave-38106/home/60783819#property-details3 Bed 2 Bath   1000 Sqft                                                                                                          Built 2002    Lot Size 6,534   Sold @ 110,000Rentals 735 Roanoke Ave, 38106https://www.redfin.com/TN/Memphis/735-Roanoke-Ave-38106/home/60745881#property-details                                                                                      3 Bed 2 Bath    1000-1199 Sqft   Built 1923   Lot Size 6,534                                                      Sold @100,000                                                                                                                  Rented $1350/month till April 20241549 Patton St, 38106https://www.redfin.com/TN/Memphis/1549-Patton-St-38106/home/876583193 Bed 2 Baths1000-1199 Sqft   Lot Size 3,049    Built 1953   Sold @ $125,000Rented $1195/month till February 2024It is not as much of a long shot as it sounds.

There is a licensee with status of revoked named Robert E Stevens though.

Long term, the fundamentals are great, not enough supply,y and it will continue to be in demandHope that helpsGino