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6 October 2024 | 9 replies
Once water gets back on, I don't think it would be super difficult based on current circumstances
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4 October 2024 | 10 replies
Quote from @Christine Cho: Yes, it was the penalty I paid for not being firm and not knowing what do to...it seems like alteration request being used as way to get more refund is not new issue, and until Airbnb fixes this hosts have to be aware and plan for the course of action and stick with it.Agreed with the above- unless there is an extenuating circumstance where the blame falls on you then you don't owe them anything.
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3 October 2024 | 6 replies
Does anyone have any tips or advice for getting started in my current circumstances?
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7 October 2024 | 20 replies
Then you have wiped the slate clean on the loss carryforwards, that $200k of released loss carryforwards offsets ordinary income first - so you will actually get a great result.Then, in 2025, when you have no more pass loss carryforwards, consider making that real estate professional status aggregation election, and utilizing cost segregation on properties you acquired in a prior year.Of course all of this - get some real tax help, I'm just another guy on the internet here, and there should be a deeper dive on the circumstances than what you can get through a forum posts to ensure this all actually works properly in your situation.
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14 October 2024 | 420 replies
Guru BS - A guru charges $30k for mentorship of a program that while legal is only doable in a very limited number of circumstances and or his “training” in no way prepares the student to successfully implement any real estate investment strategy let alone the one the guru is selling 4.
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4 October 2024 | 16 replies
That's an important distinction worth noting.
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1 October 2024 | 2 replies
The partial exemption is usually granted if you have to sell due to certain circumstances like a job relocation, health issues, or other unforeseen events.
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4 October 2024 | 17 replies
Under normal circumstances a fee to manage the contractors and construction process seems appropriate, but one of the GPs owns the construction company that was used for the renos.
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3 October 2024 | 2 replies
A good realtor can generally help you win a bidding war with a higher earnest money and a fast close with no inspection if that was the case.Under the current circumstance you could pull out just enough cash that will allow the home to cash flow based on a LTR.
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2 October 2024 | 4 replies
Ultimately, I sold the property for about break-even because of personal circumstances that changed in my life.